Home Equity Lines of Credit This popular loan option allows you to use the equity you have built up in your home as a source of financing. It is a line of credit you can use to meet your needs, whenever you want to use it.
Flexibility — Use your equity credit for whatever you wish. For instance, home improvements … new cars and boats … vacations … college tuition … and paying off high-rate credit cards
Tax Savings — Unlike other loans, interest on a home equity line of credit may be completely tax-deductible. Consult with a tax expert for complete details
Convenient Repayment — During the draw period, you need only pay interest on what you use. There is no balloon payment required. Plus you have the flexibility to take an additional period of years to pay off your outstanding balance in monthly installments
Contact the Home Federal office location nearest you for current rates or for more information on any of our loan programs. And at any time, you can pre-qualify online for fast approval of your consumer loan with Home Federal Savings Bank.
Home Federal Savings Bank 1016 Civic Center Drive Northwest Rochester, MN 55901 Phone: 507-535-1200
