Unlock your home’s true financial potential. Use the equity you’ve built up to fund nearly anything, from education to vacation.
Key Features
- Competitive Rates
- Local Processing
- Quick Decisions
Details
- Convert the equity in your home into cash you can use
- Competitive rates for several short-term or one-time needs:
- Education expenses
- Major life events
- Home remodel projects
- Debt consolidation
- And much more
- The existing equity in your home is used as collateral
- Accommodating repayment terms that work uniquely for you
- The interest paid is tax deductible1
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
Home Equity Lines of Credit (HELOC)
- Turn the equity in your home into ongoing, affordable financing
- Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more
- The existing equity in your home is used as collateral
- Accommodating repayment terms that work uniquely for you
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit — as principal is repaid, more becomes available for use
- Funds easily available via in-person, by mail, or phone transfers to a specified SSB Wanamingo checking account
- The interest paid is tax deductible1
- Set up automatic payments to be deducted from your account monthly
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
1Consult a tax advisor.