Home equity loans and lines of credit are secured by the equity in your home, and are considered attractive because the interest paid may be tax deductible.  Star One offers equity loans in two forms; the Home Equity Line of Credit (HELOC) and the Home Equity Loan.

Home Equity Line of Credit (Apply Now) HELOC's allow you to obtain multiple advances of the loan proceeds at your discretion, up to a specified percentage of the equity in your home. Revolving - withdraw funds as needed 10 year maximum draw period, 15 year repayment period No loan or annual maintenance fees (closing costs apply above $250,000) Adjustable rate (adjusts quarterly) Interest only payment option available Early Closure Fee of $250 for Lines closed within 2 years

Home Equity Loan (Apply Now) Home Equity Loans allow you to borrow, in a lump sum, up to a specified percentage of the equity in your home. Second Trust Deed loan 15 year maximum term No loan or annual maintenance fees (closing costs apply above $500,000) Fixed and adjustable rates (adjusts annually)

The loan rate and margin for Home Equity Lines of Credit & Adjustable Rate Home Equity Loans is reduced by .25% if your first trust deed is with Star One.  Visit our Home Loan Site for information on the home buying process, helpful checklists, tips, our loan programs and rates. 

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