Home Equity Loans

Liberty Bank's Home Equity line of credit program has been featured as among the best in the nation in both Money Magazine and NBC's Today Show. Liberty Bank offers both a fixed rate, fixed term equity loan and a variable rate line of credit, with extremely competitive rates and a wide variety of terms. Our loans can be used for home renovations, financing for bill consolidation, car loans and most any other purpose.

Equity Loan Comparison Chart

	Prime + .25%	Prime -1%	Fixed Rate
			Debt Terminator
Ideal for these uses	Consolidate high-interest bills. Home improvement, finance education, plan a vacation, withdraw as needed.	Consolidate high-interest bills. Home improvement, finance education, plan a vacation, withdraw as needed.	Consolidate high-interest bills. Home improvement, finance education.
Amount Available	up to $200,000	up to $200,000	up to 80% LTV
Interest Rate	See Rates	See Rates	See Rates
Monthly Payments	Make monthly payments calculated on your outstanding balance, you will pay interest only for the first five years on funds that have been drawn.	Make monthly payments calculated on your outstanding balance, you will pay interest only for the first five years on funds that have been drawn.	Fixed monthly payments with competitive rates.
Access to Funds	Withdraw funds as you need by check, online or at any branch location.	Withdraw funds as you need by check, online or at any branch location.	Paid in one lump sum.
Terms	5% cash back on interest paid annually for the first 5 years. Annual fee $50 Early Termination Fee $395 in the first 3 years. During the 10 year amortization period, the rate is prime plus ½% (adjustable). Floor of 4.000% and ceiling of 18.000%	Annual fee $25. Early Termination Fee $395 in the first 3 years. During the 10 year amortization period, the rate is prime plus % (adjustable). Floor of 6.000% and ceiling of 19.250%	Prepayment fee: 2.5% of original loan amount during the first 12 months and 1% of original loan amount the 13th through the 24th month.
Tax Deductible	Interest may be tax deductible.	Interest may be tax deductible.	Interest may be tax deductible.
	Prime + .25%	Prime -1%	Fixed Rate

Calculators
Rate Sheet
Items Required for a Loan Application