Home Equity Loans
When you need a loan, a Home Equity Loan is often your best borrowing choice. Use your home's equity (its value less any outstanding home loans) to borrow for any good purpose, such as:
- Home improvements
- Education expenses
- Medical expenses
- A new car
- A vacation
- A boat
- Consolidate bills into one low payment
Benefits of Using A Landmark Home Equity Loan
- Lower rates and payments
- Interest may be tax deductible (Please consult your tax advisor for information.)
- No closing costs for most types of Home Equity loans
- No annual fees
Choose the Home Equity Loan that fits your needs
Closing costs of $90 to $220 are waived for all new Home Equity Fixed Rate Loans and new Home Equity Line-of-Credit (HELOC) Loans with a credit line of $10,000 or more. Excludes Landmark refinances. Loans and rates are subject to credit approval. Other terms and rates are available; some restrictions may apply. Rates are subject to change. Limited time offer.
Line-of-Credit*
The Home Equity Line-of-Credit (HELOC) is perfect for home improvement expenses that are due at different times. It's handy for paying tuition and school expenses or other bills that occur regularly. Apply now and take advantage of a low, fixed rate until 2012!
HELOC: 3.90% APR available on owner-occupied homes with loans up to 80% loan-to-value (LTV) and credit scores of 680 or higher. Rate is locked until 1-1-2012, then set at Prime (recently 3.25%) or the minimum rate, whichever is higher. Maximum rate 20%, minimum rate 4%. Minimum credit line is $5,000. Other rates and lower LTV apply for lower credit scores. Rate subject to change on 1-1-2012 and thereafter on the first business day following any change in the Prime Rate as published in the Wall Street Journal. Interest-only payments available for the first 10 years, then the payment would be $1.75 per $100 of the loan balance. Early termination fee applies. Rates and terms are subject to change.
Four Ways to Access Your HELOC Loan:
- Write a Check
- Go Online with Direct Account Access
- Use the 24 Hour Teller
- In Person at any of our convenient locations
Fixed Term*
Borrow one set amount to be paid back in equal payments for up to 30 years. Popular terms are 3, 5, 10 or 20 years. Choose the term that best fits your needs.
Fixed Rate: Rates are available on owner-occupied homes with Auto Pay only, otherwise 1/4% higher. Payments on an 80% LTV $10,000 loan for 5 years at 5.90% APR are $202.29. Payments include single Credit Protection coverage. Joint Life and Credit Protection coverage available. Minimum loan amounts may apply. Other rates apply for non-owner occupied homes, higher LTV and lower credit scores.
Tack-On*
You can "tack-on" a Home Equity Loan to your Landmark auto loan and enjoy the auto loans low rate and flexible terms, plus the possible tax deductibility of the interest you pay. (Please consult your tax advisor for information.) There are no equity requirements, fees or closing costs on our tack-on Home Equity Loan!
