Personal Banking

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We make loans for every type of purchase you can think of.

A Home Equity Line of Credit is a preferred line of credit secured by a mortgage on your home.
A credit limit is approved for you and you can borrow, repay and reborrow up to that credit limit anytime with the used of special line of credit checks.
You receive a monthly statement that tells you your credit limit, your loan balance, your available credit and your payment due.
Our line of credit has an initial discounted interest rate for the first 6 months and then it adjusts to 1.25% above New York prime but will not exceed 18%.

Equity is the difference between the current market value of your home and the amount you owe.
With a Home Equity Loan you can borrow against that equity.
Use the money for any reason such as home improvements, investments, college expenses or for major purchases like a vehicle.
Most importantly, under the current tax law, the interest you pay on home equity loans may be deductible on your income taxes.
You should ask your accountant or tax preparer how the current law affects you.

One of your most important assets is your home, and maintaining it or improving it is the key to increasing the equity you have in your home.
We have fixed or variable interest rate monthly payment loans.
For loans of $5,000 or less you pay no fees.
For loans over $5,000, one of our home equity loans will fit your budget.

We offer the following types of home loans

Our home construction line of credit can be used to build a new home or to add an addition to your existing home.
The line of credit allows you to advance funds as you need them and pay interest only on the funds that you have used.
Upon completion of the construction the loan can be converted to a regular amortized home mortgage loan.

Our "Ready Reserve" is a line of credit attached to your checking account.
Simply write a check. If the check is larger than the balance in your account, funds will be automatically deposited into your checking account up to the amount of your agreed upon line of credit.
Available in lines of credit up to $5,000