Home Equity Loans and Lines of Credit

​​​If you’re a homeowner, borrowing against the equity in your home is a smart way to finance major expenses, such as home improvements, vacations, and medical bills. 

What is a Home Equity Loan?

A home equity loan is a loan that uses your home as collateral. The money is commonly used to finance larger projects like home improvement or medical bills.

Bankers Trust Home Equity Loans Feature

  • Fixed interest rate
  • Up to 90% combined loan to value (CLTV)*
  • Available in 5 year, 10 year and 15 year terms (See a repayment example here)
  • Loan amounts available as low as $5,000

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*Combined Loan to Value: The total of all liens on your property divided by the value of your property. Subject to credit approval. Certain restrictions may apply. With qualified credit, loans may be approved up to 100% CLTV. Offer subject to credit approval.

What is a Home Equity Line of Credit?

A home equity line of credit (HELOC) is a type of home equity loan with a line of credit that is tied to your home. The main difference in a HELOC is it gives you a line of revolving credit. A benefit of a HELOC is that you only need to take out as much money as you need, meaning you do not necessarily need to use the whole credit amount.

Bankers Trust Home Equity Lines of Credit (HELOC) Feature

  • Variable interest rates 
  • Up to 90% combined loan to value (CLTV)*
  • Available in 5 year or 10 year draw terms (Balloon payment may result.)
  • Line amounts available as low as $5,000

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*Combined Loan to Value: The total of all liens on your property divided by the value of your property. Subject to credit approval. Certain restrictions may apply. With qualified credit, loans may be approved up to 100% CLTV. Offer subject to credit approval.

What You Need to Apply

  • Employment and Income History
  • Debt Information
  • Social Security Number and Date of Birth

Home Equity Rate and Fee Information  |  Home Equity Loans vs. Home Equity Line of Credit

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