Home Equity Loans
Save On Taxes and Interest With A KeySavings Bank Home Equity Loan
Home Equity Lines of Credit (HELOC)
A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards.
At KeySavings Bank, we do an in-house appraisal which assists in keeping closing costs to a minimum and allow for faster closing times. This option has low fees and can be completed in about 10 days-application to closing. HELOC’s have an adjustable interest rate.
Second Mortgage
A second mortgage or junior-lien is a loan you take out using your house as collateral while you still have another loan secured by your house. The mortgage has a fixed interest rate with payments being adjusted downward when having a longer term.
