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We make it easy for you to tap into your home's equity. A home equity loan or line of credit from the Institution for Savings can provide you with up to $100,000 to spend virtually any way you like. Make home improvements, pay tuition, finance a vacation, buy a new car, or consolidate debts. How you use the money is up to you. Plus, the interest you pay may be tax deductible.
Home Equity Loan
With this type of loan, you receive the total loan amount up front and make regular monthly payments for a specific amount of time. You have your choice of fixed or adjustable rate.
Home Equity Line of Credit
This is a revolving line of credit with a variable rate of interest. You can access your money simply by writing a check. You pay interest only on the amount drawn on your line.
Put your equity to work
Make good use of the equity in your home. When you're ready, you can apply over the phone, in person, on-line or contact us.
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