Home Equity FAQs
Home equity is created when the value of your home increases and/or when you reduce the amount you owe on your home through loan payments.
Anything you want! You can consolidate debt, pay for tuition or medical expenses, a new car, home improvements or any big-ticket purchase. It’s your call.
A home equity line or loan may carry a lower interest rate than a credit card, and it may provide you with more money to do the things you want. Also, as an added bonus, the interest paid on some home equity lines and loans can be tax deductible when the money was used for home improvements. Check with your tax advisor to find out.
At a Liberty Bank branch location. During the application process, we'll ask you which Liberty Bank branch you would like to close in. A helpful Liberty Bank advisor will guide you through all the closing documents and answer any questions you have.
Home Equity Loans
Liberty Bank will help you find the home equity loan that fits you best.
|5 Year Fixed Home Equity Loan1,2||$5,000 - $500,000||≤80% LTV||6.75%||6.75%|
|10 Year Fixed Home Equity Loan1,3||$5,000 - $500,000||≤80% LTV||7.00%||7.00%|
|15 Year Fixed Home Equity Loan1,4||$5,000 - $500,000||≤80% LTV||7.375%||7.375%|
|20 Year Fixed Home Equity Loan1,5||$5,000 - $500,000||≤80% LTV||7.875%||7.875%|