Home Equity Loans

Use the equity in your home to pay for home improvements, debt consolidation or college tuition.

Equity is what your home is worth, minus what you owe. For instance, if your home is worth $250,000 and you owe $200,000, you have $50,000 of equity in your home. You can borrow against that equity to pay for a variety of expenses, including home improvements, vacations or debt consolidation.

Home Equity Line of Credit (HELOC)

• Variable interest rate
• Minimum loan amount of $10,000
• Pre-payment fee will be charged if account is closed within two years**
• Possible tax benefits***

Home Equity Loan

• Fixed interest rate
• Loan amount based on up to 100% of the appraised value, less balance of mortgage
• Estimate your monthly Home Equity Loan payment using our loan calculator
• Automatic payments from your Greater Nevada account available
• Pre-payment fee will be charged if account is closed within two years**
• Possible tax benefits***

To determine if a Home Equity Loan or Line of Credit is right for you, please contact Greater Nevada at 775-882-2060 or 800-421-6674.

*APR = Annual Percentage Rate. Loan amount based on equity and credit approval. Base rate based on prime rate as published in the Wall Street Journal, subject to monthly adjustments as the index changes. The floor is indexed to the prime rate and the ceiling is 17.75% APR. The $25 annual fee is waived for the first year. Other terms and conditions apply. Rates, terms and conditions subject to change without notice. Property values determined by appraisers selected and approved by Greater Nevada. Property insurance required. All loans are subject to credit approval.

**There is a $500 prepayment fee if the note is paid within two years of the origination date for reasons other than default or casualty loss. This fee represents processing, documentation and closing costs.

*** Consult your tax advisor for possible tax benefits.

⁺ APR=Annual Percentage Rate. Rates, terms, and conditions are subject to credit approval. Base rate based on prime rate as published in the Wall Street Journal and is effective as of 05/23/2008.