Home Equity Loans
Use the Equity in Your Home to Your Advantage
You’ve built equity in your home, so why not put it to use? A home equity line of credit (HELOC) from Mayville State Bank allows you to get additional cash and manage your finances using the equity of your home. The flexibility of a home equity line of credit gives you the ability to draw on your HELOC whenever you want for whatever your needs.
The Power of a Home Equity Line of Credit
A Mayville State Bank lender can help you decide if a home equity line of credit is right for your unique financial situation. If you decide a HELOC fits your needs, there are numerous benefits. Aside from the additional financing you will also receive:
Lower Interest Rates – Home equity lines of credit offer lower rates than most credit cards and other unsecured loans, so you pay less interest on the credit you use.
Fast and Convenient – Get the approval you need quickly with Mayville State Bank’s simple loan application process.
The Ability to Consolidate – A home equity line of credit allows you to consolidate your higher interest debt for a lower monthly payment.
Potential Tax Savings – The interest you pay may be tax deductible (consult your tax advisor for further information regarding the deductibility of interest and charges).
Additional Benefits – Other features of a HELOC at Mayville State Bank include no annual fees, low monthly payments and large credit limits.