Personal Banking

Home Equity Loans

Home Equity Fixed-term Loan

Designed to meet a one-time need for financing, a Home Equity Fixed-term Loan is for customers who know how much money they want to borrow. The amount, interest rate and loan term are predetermined -- and you'll pay no penalty if you decide to repay the loan early.

Household Line of Credit

Homeowners who anticipate changing needs for cash over time or want to establish a readily available loan "cushion" generally like the flexibility of a Household Line of Credit. With this type of loan, you can borrow in increments as you need the money, and you pay interest only on the money you actually borrow, not the entire credit limit. The interest rate on a Household Line of Credit will vary with market conditions.

To find out more about either type of home equity loan available at Solera National Bank, call or stop in at your convenience.