"We paid off our student loans."
Steve likes doing business
with Consumers, a local
"We’ve had great experiences banking at Consumers,"
reflects Steve. "Here, we’re known by name. And I’m a person instead of
a number," says Steve.
Steve and Emily bought their first home with
Consumers and established a line of credit. "They walked
us through our mortgage in such a way that was easy,
and we could understand," adds Steve. The home equity
credit line followed, enabling them to align their funds
differently and pay off high interest student loans, saving
in interest and reducing debt.
– Steve, joined 2007
Home Equity Loans & Lines of Credit
A low-interest home equity loan from Consumers gives you access to cash for just about anything.
New car or boat
Travel or vacation home
Fixed Rate Home Equity Loans offer a set rate, amount, and term for your loan for specific, one-time costs.
A Home Equity Line-of-Credit (HELOC) is an open line of credit that can be used and paid on an ongoing basis. The variable interest rate and credit limit of the line will be determined based on the equity available in your home.
Your HELOC can also be tied to your checking account and used as overdraft protection or for a purchase when the opportunity arises. Your low rate will be variable and based on Prime Rate.
Silver Lining Lending is a unified approach to finances by consolidating loans with a competitively priced home equity product—specifically designed for members approaching retirement with changing budgetary needs.
By reducing the number of loan payments, Silver Lining Lending enables members to save money in interest charges while potentially increasing their cash flow. It also removes some of the stress associated with retirement planning by positioning the member’s equity to their best advantage. The result is fewer loans, fewer payments, and ultimately, better cash flow.
Call 800.991.2221 for details or apply online in Online Banking.
All home equity programs offer potential tax benefits. Please see your tax advisor for details.
***Promotional, introductory Annual Percentage Rate (APR) applies only to new loans. The rate is effective as of <<DATE>>. Will become variable rate after the first six monthly billing cycles. Variable APR can range from 3.25%-18.00% APR. All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Property insurance is required. Early termination fee of $300 applies if closed within first 24 months. Other restrictions may apply.