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Home Equity Lines
BOCM offers both fixed rate home equity loans and home equity lines of credit.
Do you need to tap into your home’s equity to pay for a home remodeling project or to pay off credit cards or get cash for a downpayment on a second home or investment property? A home equity loan is a fixed or adjustable rate loan that is secured by the equity in your home. With a home equity loan, you borrow a lump sum of money to be paid back monthly over a set time frame, much like your first mortgage. The terms home equity loan and second mortgage are often used interchangeably. We also offer home equity lines of credit, so you can access funds when needed. BOCM offers many different types of home equity loans, some of which require a very simplified process at little or no cost to you. Contact us today! |
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