Home Equity Loans
With a Mars Bank Home Equity Loan you might be able to save money on our special low, locked-in interest rate that could be 100% tax-deductible (consult your tax advisor). You’ll enjoy the convenience of affordable monthly payments over a fixed time period and you might be able to save even more by paying off higher interest obligations such as department store charges.
Home Equity Loan
Use the equity that you have built in your home to lock in a low rate of interest on financing for nearly any purpose. A Home Equity Loan can range in terms up to 180 months and is repaid in fixed monthly installments which can be automatically deducted from your Mars Bank deposit account for your convenience. A Home Equity Loan may potentially offer you a tax deduction for interest paid on the loan which further lowers your overall borrowing cost. Consult your tax advisor for further information.
Home Equity Line of Credit
A revolving flexible credit line for your use to meet all of your borrowing needs. With a Home Equity Line of Credit you determine when and how much money is borrowed at any time, for any reason. A payment due under the Home Equity Line of Credit is billed monthly based on how much is borrowed and the interest is subject to change periodically. Accessing your Home Equity Line of Credit is as easy as using a checking account – you simply write a check. Interest on a Home Equity Line of Credit may also be tax deductible. Consult your tax advisor for more information.