Home Equity Loan
You put a lot into your home. With Bank of Holland, you can also take a lot out. Our low rate home equity loans can be used for almost any purpose—from dream vacations to debt consolidation.
Local decisions result in fast closings. In most cases we will pay the closing costs*, and the interest is typically tax deductible.** Come get the most out of your home.
- Summary
- Low fixed rate
- Flexible terms
- Use for most any purpose
- In most cases we pay the closing costs*
- Interest may be tax deductible**
- Local decision-making
- Fast process: from application to closing in 2-4 weeks
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act) requires us to provide the names of our Mortgage Loan Originators and their unique identifiers.
*If you should pay off your loan prior to four years after it is opened, you will have to reimburse us for any fees paid to third parties that we incurred in opening the account. These fees generally total between $300 and $4,000, based on loan amount. Title insurance may be required for loans over $100,000. The cost for the Title insurance policy and fees associated with the acquisition of obtaining title insurance are the responsibility of borrower at closing. Property insurance may be required.
**The interest or portion of the credit extension that is greater that the fair market value of the dwelling is not tax deductible for Federal income tax purposes; and the consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.
