Flex Funds - Home Equity Credit
We all realize that life is full of surprises and opportunities. Sometimes you need quick access to money for unplanned expenses or purchases. Or, you may simply want options, money for a “rainy day.” Our Flex Funds home equity credit provides cash at your fingertips – no waiting, no phone calls. It’s a convenient way to get the money you need to help make life a little easier.

Using a Home Equity Line of Credit lets you can pay off high-interest credit card bills, purchase a new or pre-driven car, make home improvements, or take that long overdue vacation. Our clients often enjoy additional tax deductibility ** by utilizing the equity in their property.

Our loan officers will discuss your situation and life goals to help determine which equity product is appropriate for your situation.

Download an Application Here

Prime Rate Equity Lines
A Prime* based equity line is a revolving line of credit that provides check writing flexibility. The amount you are able to borrow is based upon the fair market value of your property, the amount owed on your first mortgage and other loan qualification standards. The lines are priced at a variable-rate, based upon the Wall Street Journal’s Prime Rate and the amount you borrow. Please contact a Hometown National Bank representative for current information. Hometown National Bank’s generous repayment terms make it possible to realize your dreams — affordably.

Fixed Home Equity Loan
When you need to keep close watch on the family budget, consider a fixed rate equity loan. Fixed home equity loans are installment loans, meaning you agree to a set interest rate and annual percentage rate (APR) and payment terms for the life of the loan. With a stable, fixed amount monthly payment, you can plan your monthly budget and not worry about rate increases affecting your payment.

Your loan is issued in one lump sum with 100% loan to value financing available for those who qualify.

To get started using the equity in your home for all of life’s needs, contact a Hometown National Bank representative today.

• * Hometown National Bank’s Line of Credit APR is a variable rate based on the Prime rate as published in the Money Section of the Wall Street Journal on the first business day of each month. The maximum APR is 24%. Costs to satisfy certain prior liens may be assessed.
• ** Please consult your tax advisor.

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