Home Equity Loans/Lines of Credit
As a homeowner, you have a powerful financial tool at your fingertips. A tool that can help you realize your dreams today, instead of years down the road. It's your home's equity*.

Horizon Bank is your one-stop shop when it comes to home equity* loans. From a term loan to a line of credit, we have options to best suit your needs.
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Home Equity Loan
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Home Equity Line of Credit
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What is it?
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A Home Equity Loan is a fixed-term loan in which your home serves as collateral.
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A Home Equity Line of Credit is a form of revolving credit in which your home serves as collateral.
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Why Choose?
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For predictable repayments on major expenses such as a home addition, dream vacation, even debt consolidation, a fixed-rate, fixed-term loan is a good choice.
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For long-term flexibility in borrowing and repayment, try a line of credit. Whether working little by little on home improvements or paying college tuition bills, you can choose when and how much to borrow.
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Interest Rates
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Competitive rates tied to the length of your loan term.
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Variable rates - as low as Prime minus 0.25% with auto debit from a Horizon Bank checking account with estatement.
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Payments
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Fixed monthly payments for the term of the loan.
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Variable monthly payments based upon how much of the line you use.
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Access to Funds
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Entire amount given to you in a lump sum when you get your loan.
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Access funds as you need them using your line of credit checks or a local Horizon office
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*Home Equity is the difference between the home's value and the first mortgage balance. The credit limit on a home equity loan is a percentage of the home's appraised value and subtracting from that the balance owed on the existing mortgage.