Home Equity Loans

Have a major expense coming up? Whether it’s for education or debt consolidation, use your home equity to finance it.

Key Features

  • Competitive Rates
  • Local Processing
  • Quick Decisions
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  • Convert the equity in your home into cash you can use
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible1
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish

Use the Equity in Your Home to Reach Your Goals

Touchstone's 10-Year variable-rate Home Equity Line of Credit (HELOC) begins at $20,000 and offers the flexibility to open up to 3 subordinate fixed-rate lines within the 10-year HELOC.

Each subordinate loan has a fixed-rate starting at Prime plus 1% APR* up to 18% APR. You can open a subordinate loan with a minimum loan amount of $5,000 with terms from 12 months up to a maximum term of 60 months.

Details 

  • Variable rate of Prime + 0% APR with a minimum loan of $20,000
  • Minimum payment interest only 
  • Rates Prime +0% (minimum of 4%, maximum of 16%)

Touchstone's 5-Year interest only option Home Equity Line of Credit (HELOC) begins at $20,000

You receive one detailed bill for the entire account and you only pay what you owe

Details 

  • Variable rate of Prime + 0% APR with a minimum loan of $20,000
  • Minimum payment interest only 
  • Rates Prime +0% (minimum of 4%, maximum of 16%)
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Prospective depositors and/or borrowers must be of legal age to apply for a loan or deposit. 

1Consult a tax advisor.