Do you need financial assistance to cover urgent home repairs, a medical emergency, or your child's college education? Sutton Bank Home Equity Loans or Home Equity Lines of Credit (HELOC) could be the answer to your prayers.
Home Equity Loans are available with a fixed rate or variable revolving line of credit secured by the mortgage on your primary residence. With qualifying credit, the loan amount can be as much as 80% of your home's current market value! Whatever loan amount you qualify for, it will be given in one lump sum, enabling you to address serious needs, seriously fast.
Much like Home Equity Loans, Home Equity Lines of Credit are established by making timely mortgage payments, or adding sweat equity through renovations and improvements. However, once a line of credit has begun, it can be withdrawn from at any time. This offers greater spending flexibility for ongoing needs.
*Consult a tax advisor.