Home Page
About Us  |   Branches  |   Careers  |   Contact Us  |  Blog  |   Info Center  |   Mobile  |   Text Size Increase Text Size Decrease Text Size

Next Steps
 

Newsletter

Enter your email to receive our free newsletter, packed with special promotions, information and stories that will help you manage your finances.

Personal Banking
Business Banking
Wealth Management
Insurance
Mortgages
 
Home : Personal Banking : Home Equity Loans and Lines : Home Equity Loans and Lines of Credit
Standard Bank & Trust
Previous
Next

Home Equity Loans and Lines of Credit


Through Standard Bank’s Home Equity products, you can leverage the equity in your home to finance any need from making a purchase to consolidating your bills. Best yet, the interest you pay in most cases is tax deductible 1.

Home Equity Line of Credit

Click here to pre-apply now

A Home Equity Line of Credit is a form of revolving credit in which your home serves as collateral. Because the home is likely to be your largest asset, many homeowners use their credit lines only for major items such as education, home improvements, or medical bills and not for day-to-day expenses. The interest rate on these loans is variable, and tied to the current Prime rate.

Home Equity Lines of Credit offer you the ability to tap your home’s equity anytime, for anything you wish. In addition, the “Interest Only” payment option gives you total flexibility to reduce the balance on your own terms.

Home Equity Loans

Click here to pre-apply now

Looking to make a major purchase or home improvement? Standard Bank’s Home Equity Loans, also called Second Mortgage Loans, deliver a low fixed rate that is locked in for the life of the loan.

If you are thinking about a Home Equity Line of Credit, you might also want to consider a traditional Home Equity or Second Mortgage Loan. This loan provides you with a fixed rate with a defined repayment. In most cases the payment schedule calls for equal payments that will pay off the entire loan within the loan period.

You might consider a Second Mortgage instead of a Home Equity Line if, for example, you need a set amount for specific purposes, such as an addition to your home. Your Standard Bank Loan Professional will help you determine the best solution for you.

Home Equity Benefits:

  • Fast, 48-hour approval
  • Competitive rates
  • Automatic debit from a Standard Bank checking account
  • 24-hours a day, 7 days a week access through telephone or on-line banking

Getting a Standard Bank Home Equity Loan or Line of Credit is easy. Simply call Standard Bank toll free at 866-499-BANK (2265), or visit any of our many branches throughout Chicagoland and Northwest Indiana.

 

1 Consult a tax advisor regarding the deductibility of interest.

 

Personal Banking |  Business Banking |  Wealth Management |  Insurance |  Mortgages |  Education Center |  Privacy Policy |  Terms and Conditions |  Site Map
Member FDIC. Equal Housing Lender Equal Housing Lender. Standard Bank's internet account access features make use of a private network, intended for authorized users only. We have confidence in the security measures we employ; however, this is not an invitation for individuals to attempt unauthorized access. Standard Bank reserves the right to monitor, record and prosecute any individuals who attempt unauthorized use of this system.

© 2014 Standard Bank and Trust Company. All Rights Reserved. | Site Designed by americaneagle.com