This loan is available for terms of 10, 15, 20, 25 or 30 years.
All proceeds are disbursed at closing and the payment is established
for the life of the loan. There is no prepayment penalty. Fixed Rate
Home Equity Loans are available up to 100% of the appraised value of
the property. The maximum loan amount is calculated by subtracting
the current first loan balance from the appraised value. If you
currently have a home equity loan outstanding it must be paid off
with the proceeds of the new home equity loan
