If your home’s walls could talk, they would say, “Psst, we’ve got money in here!” A home equity loan or line of credit uses your home’s equity as collateral to lock in a competitive rate. Finance all kinds of needs, like a home remodeling project or major life event, with terms that work with your budget. It’s fast cash — directly from your home.

Details
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Vacation
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible*
  • Experienced lenders with in-depth knowledge of the loan process
  • Fast decision-making from West Tennessee locals

*Consult a tax advisor.

Home Equity Line of Credit (HELOC)
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Emergency reserve
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via Centennial Bank checking account or draw from Bank
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Experienced lenders with in-depth knowledge of the loan process
  • Fast decision-making from West Tennessee locals

*Consult a tax advisor.