Home Equity Loans
Put the equity you've built in your home to work for you. A home equity loan from Jefferson Bank allows you to use a portion of the equity in your home for anything you choose, and in most cases, the interest may be tax-deductible1.
It's a good way to finance home improvements, consolidate debt, buy a car, or take that dream vacation — it's your choice.
A home equity loan is paid out to you in one lump sum with a fixed interest rate and payment for a specific term to meet your needs. Because the loan is secured by your home, the interest rates are generally lower than most other types of loans.
Equity in your home is like money in the bank. Find out more by talking to the lending specialists at Jefferson Bank today at (210) 736-7700.
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit (HELOC) is a flexible loan product that allows you to borrow against the equity you have in your home. Many homeowners use home equity credit lines for major items, such as, home improvements, consolidating higher-interest credit debt or medical bills.
A HELOC works much like a credit card. A credit line is established and you can borrow as much as you need when you need it up to the credit limit. The interest you pay may be tax-deductible1 and HELOCs offer payment flexibility not available with a standard Home Equity Loan.
Call 210-736-7700 for more information on how Jefferson Bank can help you with a Home Equity Line of Credit.
Home Improvement Loans
Does your home fall into the fixer-upper category? Or are you ready for a complete makeover? Whether you want to make a splash with a new pool, repair a leaky roof, brighten things up with a new coat of paint or get cooking with a full kitchen remodel, a home improvement loan could be the perfect solution.
Home improvement loans require the same application process as a regular mortgage loan. In addition to the application, potential borrowers are required to provide:
- Project plans and specs
- Builder’s contract
- Cost breakdown for the improvements
If you own a home, you can apply for a home improvement loan.
Projects of all sizes – from painting or landscaping, to additional square footage – can be financed with a home improvement loan.
Call us today at (210) 736-7700 and we'll get your home improvement loan solution hammered out.