Home Equity
- Low rates
- Easy to apply--fast decisions
- Various financing options available
6 Month Introductory Rate on our Home Equity Line of Credit
- Choose the rate that works for you
- Expand the house, buy a car, pay for college
- No Application or closing fees
- No annual fee
- Have funds available when you need them, at no cost to you
- Apply Online
- Contact our ResidentialLender by email
- Call us direct:
1-800-730-9660 - Stop by your nearest
River Bank Branch - We'll contact you
Home Equity Loans - A loan secured by the equity in your home. You receive the money upfront and pay it back with fixed monthly payments. It offers the stability of a fixed interest rate (where your monthly payment remains the same throughout the term of the loan) and a choice of terms to meet your needs.
Home Equity Line of Credit - A line of credit secured by the equity you have in your home. It can be used for whatever you want, and can be accessed whenever you want. You have the flexibility to borrow only what you need, when you need it, simply by writing a check. You pay no interest on your line of credit until you actually use the funds. Whether you need money in a hurry or for a specific purpose, one of River Bank's Home Equity Lines of Credit can be a very smart way to lower your borrowing costs.
Is a Home Equity Loan or Line of Credit right for you?
Save .50% on your Annual Percentage Rate with Auto-pay. Click here to see what this could mean for you!
*After 6 months, converts to Wall Street Journal Prime Rate less .50%, or 3.50% as of 11/18/08
The interest rate may increase, maximum APR 18%. Automatic payment from a River Bank checking account is required to obtain APR. Without autopay, add .50% to APR. An appraisal fee of $325-$525 may be required. Homeowners insurance and flood insurance (if applicable) are required. A $350 termination fee will be charged if credit line is closed within three years of origination. The Prime Rate as of 11/18/08 was 4.00%.
