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Home Equity Loans & Lines of Credit

If you have established equity in your home—and you probably have if you’ve owned your home three or more years—a home equity loan or line of credit can help provide
the cash you need for other purposes.

Home Equity Loans

Borrow up to 80% of the value of your home and use the funds for anything you wish. With various repayment terms and potential tax advantages, this loan could be just what you need.

Home Equity Line of Credit

Whether you have a specific need, project, or purchase, or you simply want the comfort of knowing you have access to extra cash, a home equity line of credit is a great choice. As a revolving line of credit, it’s there whenever you need it. Interest is only accrued on the amount of money you actually use, and that interest may even be tax deductible (consult your tax advisor). Approval time is fast—usually in one day—and access is easy, either by Home Equity check, telephone request, request by mail, or in person. You can also transfer funds using 24 Hour Phone Banking or Online Banking. Download the application here, and schedule a time to meet a Consumer Loan Advisor. 

To set up an appointment to explore your options with a Baker Boyer Consumer Loan Advisor, please call us at (509) 525-2000 or complete the form to the right.