Home Equity Line of Credit
Every time you make a mortgage payment, you add to the equity in your home. Home equity is the difference between your home's fair market value and the outstanding balance of all liens on the property. The equity in your home can now be accessed by one of Quail Creek Bank's Home Equity Loan Products!* You can borrow up to 75% of the equity in your primary residence with Quail Creek Bank's Home Equity Loan or up to 75% of your equity with the Equity Line of Credit! Your home equity loan proceeds may be used for any worthwhile purpose such as purchasing a new or used car, making home improvements, making investments or taking a well-deserved vacation. As an added benefit, the interest on your loan may also be tax deductible, so make sure to check with your tax advisor.
Quail Creek Bank's Home Equity Line of Credit* provides you with cash to use however you wish, whenever you like. With the flexibility of an Equity Line, you can access your home equity when the need arises—without having to reapply for a loan. You can activate your Equity Line by telephone, by written request or in person...and deposits will be made directly into your Quail Creek Bank transaction account. If you choose to pay down on the principal of your Equity Line, you can reuse the available credit again and again.