Home Equity Loans & Lines of Credit

Your home’s equity can finance a dream!

Are you looking to finance a family room or a college education, a new car or a swimming pool? It may be a good move to tap into your home’s equity to get the money you need. With low rates…and even tax advantages,* a home equity loan makes sense.

Home Equity Loans

You may choose a home equity loan or “second mortgage” for a specific purchase or to refinance other debt. You’ll borrow a set amount, with an established maturity date of up to 10 years. It offers you peace of mind because your rate is fixed throughout the life of the loan, and that means the payment is fixed, too.

Home Equity Lines of Credit

A home equity line of credit is a convenient way to access the funds you may need for a variety of purposes over a period of time – even several years. It’s as easy as writing a check. You can save money, too, at Interra. You won’t find hidden fees or annual fees, and low closing costs. The home equity line of credit is a variable rate loan, with payments to fit your budget.

Payments can be as low as interest only during the 10-year draw period and 1.50% of the balance or $100, whichever is greater, during the repayment period.

Your dreams are waiting!

What works best for you…and your dreams? Choose a fixed-term, fixed-rate home equity loan or a flexible, and accessible, home equity line of credit.

It’s easy to apply via the online Mortgage Center, or for more information, call Interra or visit any office.

*Please consult your tax professional regarding deductibility of the interest you pay.