Home Equity Loans
North Star Bank can help you take advantage of your home’s equity with a home equity loan. Whether you are making home improvements, taking a dream vacation or funding your child’s education, a home equity loan is an affordable way to meet your goals.
Loan -vs- Line
Home Equity Loans are traditional, installment loans with fixed rates and payment schedules. These loans provide a great way to use the equity in your home for a variety of financial needs. North Star Bank offers home equity loans with competitive rates, terms, and tax advantages/interest deductions.
Home Equity Lines are available when you need them and provide flexible payment options. North Star Bank offers revolving lines with competitive rates. These lines of credit are available to those with qualifying equity in their home. Home Equity Lines may be used to consolidate debt, to purchase a new automobile, to make home improvements or for any other purpose.
Many financial advisors recommend using the equity in your home as an ideal way to take advantage of your borrowing power. In addition, the interest you pay on a home equity loan may be tax deductible. Please consult a tax advisor.