Home equity borrowing is an ideal
financial planning tool.

Home equity borrowing makes good financial
sense for the customers because it:

• has interest rates that are often lower than other borrowing options and the interest may be tax-deductible.
• is ideal for funding asset diversification through mutual funds, life insurance, stock purchases and annuities.
• can be used to pay income taxes.
• makes a great rainy day/emergency fund.
• is a great source for funding home improvement projects that increase a home’s value.
• is a smart way to invest in a second home or investment property.
• helps make the rising costs of elder care and college education feasible and affordable.

It has great benefits.
Home Equity Lines of Credit offer:
• Anytime access to funds
• Interest-only payments
• Variable rates tied to the prime rate
• Flexibility to convert to a fixed rate loan at any time
• Visa® Gold Credit Card access (Not available in CT, NY or TX)

Home Equity Loans offer:
• A fixed rate/payment for the term of the loan
• Equity accumulation through amortization
• Automatic payment deduction
These home equity products are available on
primary residences up to 100% of the value
of the home, and on second homes and
investment properties.