Home Equity Loans
Whether you're thinking of making home improvements or just need to borrow money quickly to cover the costs of a bill, talk to us about how we can use your home’s equity to cover the expenses with a Home Equity Loan. 3Rivers offers two solutions a fixed Home Equity Loan or a variable Home Equity Line of Credit (or "HELOC"). Rather than using a high-interest retail or bank credit card, you can use our home equity loan solutions for planning a wedding, paying school tuition or a medical bill, or even just consolidating your debt.
How much money could you save? Let's look at an example:
|Payment Type||Cost||APR1||Term||Monthly Payment||Total Interest Paid|
|Retail Credit Card||$8,000||23.38%||60||$227.27||$5,636.62|
By using your 3Rivers HELOC, you’d save $4,688.22** in interest AND enjoy a lower monthly payment.
**Calculations were created from using the loan calculator found on www.bankrate.com/calculators and are for educational purposes.
See below for our home equity rates.
Don't forget to protect your home investment. Our life and disability products can provide your family with peace of mind knowing your mortgage is covered if something happens to you.