If you need money for home improvements, educational expenses, major purchases, debt consolidation or any other legitimate purpose, a home equity loan is a convenient, cost effective way to borrow.

Because it is secured by a lien on your owner-occupied property, the rate is lower than most other consumer loans or credit cards. In addition, in many cases the interest paid on a home equity loan is tax deductible (check with your accountant for details).

We offer three types of Home Equity Loans:

• Fixed Rate 2nd Mortgage - Available for terms up to 15 years and amounts from $10,000.00 to $100,000.00, this product offers the security of a fixed interest rate and payment for the life of the loan.
• Home Equity Line of Credit - Offering the ultimate borrower flexibility, the line of credit allows you to write yourself a loan when needed. As you pay the line down you increase your available credit. Draw periods available for a term of 10 years with additional 10 years to repay the amount due at the end of the draw period. Interest Rates are adjustable monthly based upon the Wall St. Journal Prime Rate.
• Home Improvement Loan - Available for terms up to 8 years and amounts up to $10,000.00, the product offers the security of a fixed interest rate and payment for the life of the loan.

All Home Equity Loans contain pricing options based upon the term you choose and the amount of equity in your home. Accordingly, the longer you have been in your home and the more equity you have accumulated, the lower your rate will be. In many cases, these loans can be obtained without any up-front costs out of your pocket.

Our consumer loan staff will be happy to give you details and help you decide which type of Home Equity Loan us best for you.

For more information call 888-888-8888 or Email us at lowell5@ls.com.

An Equal Opportunity Lender

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