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Home Equity Loan
A HomeStreet Bank home equity loan provides you with a fixed amount of money repayable over a fixed period. In most cases the payment schedule calls for equal payments that will pay off the entire loan within the loan period. You might consider an equity loan if, for example, you need a set amount for a specific purpose, such as to purchase a car or to pay off high interest rate credit cards to achieve a no debt future. In many cases, your interest costs may be tax deductible.* At HomeStreet Bank you have the option of choosing a loan term of 10 or 15 years.
Features and Benefits:
- Get up to 75% of the available equity in your home
- Fixed payments and interest rates for the life of the loan mean no surprises for you
- You select the payment method: by coupon book or by automatic deduction from a checking account
- Interest may be tax deductible*
- HomeStreet Bank pays most customary closing costs
- Local knowledgeable decision makers and servicing experts are here to help you
- Take advantage of low competitive interest rates
More Information:
For more information, visit your local HomeStreet Bank branch or contact our Customer Service Center at 800-809-1377.
*Please consult your tax advisor regarding deductibility of interest.
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