Home Equity Uses

HOME IMPROVEMENTS

An addition to your home or necessary remodeling. Reinvest your funds into one of your most important assets.

AUTO PURCHASE OR REFINANCE

Home equity lines usually provide the tax deductibility of interest not available with traditional auto loans. Plus you will likely pay a lower rate of interest.

DEBT CONSOLIDATION

Home equity lines are excellent vehicles to reduce interest and provide a tax deduction. You can now customize your repayment of car loans, college tuition, and credit card debt.

FINANCIAL FLEXIBILITY

Perhaps the most viable reason for establishing a home equity line of credit is to ensure access to funds should they be needed for emergencies such as hospitalization, loss of employment, or cash flow needs.

Remember - you pay interest only on the amount accessed with a home equity line of credit at State Bank & Trust. These loans can be established with minimal closing costs.

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