Home Equity Loans & Lines of Credit
Home Equity Loans & Lines of Credit
Your house has the ability to transform into a college, a Caribbean island, or a personal ATM machine. Use the equity in your home to secure a low-rate loan or line of credit with The Ohio State Bank.
The interest is typically tax deductible. Save more money with a rate discount for automatic payments. Use the loan for almost anything, including debt consolidation. The funds are right under your feet.
- Summary
- Competitive rates
- Interest is typically tax deductible*
- Local decision-making
- Local servicing makes process easier
- Use funds for most anything
- Rate discount with automatic payment through Ohio State Bank account
Home Equity Loan
- Fixed rate, fixed term
- Funds disbursed up front in lump sum
- Consistent monthly payments
Home Equity Line of Credit (HELOC)
- Pre-approved, variable rate credit line
- Use funds as needed
- Re-access without re-applying
- Interest only on what is used
- No application fee
*Consult a tax advisor.
