Home Equity Loans
 
Home Equity Line of Credit
Second Mortgage
 
 
Home Equity Line of Credit (HELOC)
 
An open-end revolving line of credit secured by the equity in your home. This could be just the right loan to add a pool, take a vacation or consolidate bills.
   
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35-year term (20-year “draw period” with a final 15-year repayment period)
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Minimum loan amount $7,500; maximum loan amount $400,000
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Financing available up to 80% of your home’s appraised value minus your first mortgage balance
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Rate based on Wall Street Journal prime + a margin
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Interest paid may be tax deductible (consult your tax advisor for details)
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Accessible by check, MATT Web, MATT Phone and in-person
     
Check RATES   apply online
 
 
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