Home Equity Lines of Credit
A home can easily be one’s biggest asset. At Willamette Community Bank, we offer the opportunity to put that equity to work. A Home Equity Line of Credit is a revolving loan, in which your home is the collateral and its equity is available to use as you wish. For example, many homeowners use this line of credit for education, home improvements, vehicle purchases, the consolidation of personal obligations, or medical bills. Approval is granted for a maximum amount and term, and can be used and repaid repeatedly within those parameters. Funds are available whenever you need them, without having to go through a loan approval process. Also, the interest you pay on it may be tax-deductible: ask your tax advisor for details.
- No points, no application fee
- No interest paid until you activate your loan
Have questions? Ready to apply?
Let us help you open a home equity line of credit; in many cases, approval decisions can be made on the same day. For more information on any of our home equity lines of credit, fill out the contact form or call 541.926.9000. You may also contact one of our lending team members listed below.
Offer of credit is subject to credit approval.