Home Equity Installment Loans – Altoona, PA & Duncansville, PA
Home Equity Installment Loans from Investment Savings Bank
Put the equity in your home to use with a Home Equity Installment Loan from Investment Savings Bank. At ISB, your good credit makes it possible. Call or stop in to talk with one of our banking professionals in Altoona or Duncansville to see how a Home Equity Installment Loan may be the right way to pay for a large purchase.
Availability:
Home Equity [Installment] Loans are available to any person 18 years or older to use for personal, family, or household purposes. They are secured by your real estate and the amount available is based on the equity in your home.
Use:
Use the Home Equity Installment Loan for one-time expenses, such as Home Improvements and Major Purchases (Boat, Automobile, or Appliances). You can also use it for Debt Consolidation, Vacation, and Higher Education.
Benefits:
- Competitive closing costs.
- Fixed rate for life of loan.
- Interest may be tax-deductible. Consult your tax advisor.
- Competitive interest rates.
- No penalty charge if the loan is repaid early.
Minimum Loan Amount: $5,000.00
Maximum Loan Amount: 85% of the appraised value of the property less amount owed on mortgage. For owner occupied and second home (non-income producing) properties.
60% of the appraised value of property less amount owed on mortgage for non-owner occupied Real Estate (Income Producing Properties).
See Home Equity Loan Rates Below
Home Equity Installment Loans from Investment Savings Bank
Home Equity Installment Loans from Investment Savings Bank are ideal for significant one-time purchases or expenses. Consider a home equity installment loan when it makes sense to consolidate your outstanding debt, plan for a nice vacation, or to fund college courses. The installment payments mean you have a regular fixed rate that is generally lower than other types of loans.
Investment Savings Bank Offers Home Equity Lending Power You Need
As with our Home Equity Line of Credit, there is no penalty if you repay the loan early. With a home equity installment loan, you can get the new appliances or other important purchases you need when you need them most. Talk with an ISB lender today to find out if our Home Equity Installment Loan may be right for you!
Home Equity Installment Loan
| TERM IN MONTHS | INTEREST RATE | ANNUAL PERCENTAGE RATE(1) | MONTHLY PAYMENT per $1,000 |
|---|---|---|---|
| 36 Months | 3.40% | 3.400%(1)(2) | $29.26 |
| 60 Months | 3.50% | 3.500% (1)(2) | $18.19 |
| 120 Months | 3.99% | 3.990% (1)(2) | $10.12 |
| 180 Months | 4.50% | 4.500% (1)(2) | $7.65 |
Payment does not include amounts for insurance and taxes. Actual payment obligation will be greater.
Loans up to 85% of appraisal valuation, less amount currently owed, if any.
(1) Annual Percentage Rate is based on the minimum loan amount of $5,000.
(2) Minimum new loan amount of $5,000. (Other rates and terms available)
*** RATES SUBJECT TO CHANGE AT ANYTIME WITHOUT NOTICE ***
Home Equity Installment Loan - Non-owner Occupied
| TERM IN MONTHS | INTEREST RATE | ANNUAL PERCENTAGE RATE(1) | MONTHLY PAYMENT per $1,000 |
|---|---|---|---|
| 60 Months | 5.00% | 5.115% (1)(2) | $18.87 |
| 120 Months | 5.65% | 5.711% (1)(2) | $10.93 |
| 180 Months | 6.50% | 6.544% (1)(2) | $8.71 |
Loans up to 75% of appraisal valuation, less amount currently owed, if any.
(1) Annual Percentage Rate based on the minimum loan amount of $5,000. APR will vary based upon the final loan amount and loan term.
(2)Minimum new loan amount of $5,000.
*** RATES SUBJECT TO CHANGE AT ANYTIME WITHOUT NOTICE ***
