The Home Equity Loan and HELOC Process
MORTGAGE RESOURCES
Home Equity Loan & Home Equity Line of Credit [HELOC]
Ready to kick off that home improvement project? Or maybe it’s time to take that vacation you've been talking about for years? Whatever your plans, a home equity loan can help make them happen.
We offer some of the most competitive rates in the Tennessee Valley, plus flexible terms and easy payment options. Our local lending experts will find the best way to put your home equity to work for you — with a customized loan or line of credit tailored to fit your lifestyle.
HOME EQUITY LOAN
Competitive rates for several short-term or one-time needs:
Major life events
Home remodel projects
Debt consolidation
And much more!
-The existing equity in your home is used as collateral
-Accommodating repayment terms that work uniquely for you
-The interest paid might be tax deductible*
-Local Tennessee Valley decision-making and processing
-Helpful, customized service throughout the entire process
-Questions? Please contact us at 423-634-3600
* Consult your tax advisor.
HOME EQUITY LINE OF CREDIT (HELOC)
Competitive rates for several ongoing or seasonal needs:
Education expenses
Major home improvements
Emergency reserve
And much more!
-The existing equity in your home is used as collateral
-Accommodating repayment terms that work uniquely for you
-Funds easily available via in-person, phone transfers, online transfers, and checks
-The interest paid might be tax deductible*
-Local Tennessee Valley decision-making and processing
-Helpful, customized service throughout the entire process
-Questions? Please contact us at 423-634-3600
If you are applying for a HELOC, Start your application below and select Cash-Out Refinance as the 'Purpose of Your Loan" within the application.
TAKE HOLD OF ANY SURPRISES. LEARN MORE
ABOUT THE HOME PURCHASE PROCESS WITH MORTGAGE RESOURCES
The following are helpful tips and insights, no matter where you are in the process of buying a home.
When you buy or refiniance a home, the property is used as collateral for the loan. Read what the lender is looking for and why.
When it comes to home financing, there are many different options to choose from. How do you find the loan that's best for you? Here is some information to help you.
Applying for a mortgage can be very intimidating. You're asked specific details about your income, assets, and debts. Here we will give you information that will let you know how that information is used when applying for a mortgage.
Hurray! Your loan has been approved and your loan closing date has been set! This section will give you some idea of what to expect at closing and what happens after closing.