A Home Equity Loan lets you use the equity that you have built in your home to make home improvements, buy a car, pay for educational expenses, consolidate debts, pay medical bills or use for any other worthwhile purpose. At Boiling Springs we have the Home Equity Loan that's right for you - choose from a Variable Rate Credit Line or a Fixed Rate/Fixed Term Loan.

• No Points
• No fees
• Loans up to $500,000 with a first or second lien position, may borrow up to 80% of the value of your home and 75% for condominiums.
• Loans over $500,000 up to $750,000 with a first lien position, may borrow up to 75% of the value of your home.
• Interest may be tax deductible (consult your tax advisor)
• Friendly, personal service!

Pay only for what you use! A Home Equity Credit Line is a revolving line of credit that provides you with cash to draw on whenever you need it, for any purpose. Simply write a check for $500 or more, as you would with a regular checking account. Your interest payment is only for the money you have used. As your payments are made, the funds once again become available for your use. At Boiling Springs, our Home Equity Credit Lines have an interest rate that is 1% below prime for the life of the loan**. If you feel better knowing that you will have the same payment every month, then a Fixed Rate Home Equity is right for you. With a Fixed Rate Home Equity, your loan is disbursed to you at closing. Choose a term from 5 years to 30 years and enjoy the same fixed rate and monthly payment throughout the life of your loan.