Over the years, as you've paid your mortgage,
a foundation of equity has accumulated under your home. Equity is
defined as the difference between the home value and home loan
balance. You can dig into that "cash" and use it for
anything you need with a Home Equity Loan from Home Federal. A Home Equity Loan is one in which the equity of your home is used as
collateral and the loan amount is a one-time advance. Fixed rate and payments
are based on term (up to ten years) and loan-to-value ratio. The interest on
a Home Equity Loan for your primary residence is typically tax deductible.
Calculate
the equity in your home.
Home Federal's Equity Line
of Credit gives you the convenience of checks and a VISA card, along with a
low introductory rate to help pay for home improvements, a new car, a family
vacation, college education or other expenses. We use the equity you
have built up in your home as collateral and advances may be taken at your
convenience. Payments will vary based on the loan amount and interest
rate. The interest may be tax deductible. Calculate the equity in
your home.
Unearth the
equity in your home! Your loan can be approved within 24
hours. Call Home Federal today at 308-382-4000.
For further information about a
Home Federal Home Equity Loan,
contact
us today.
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