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.
