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You have more home improvement options than you think.

Need money for long-delayed repairs and home improvements? A home equity loan or line of credit is usually a smart choice, but sometimes a cash out refinance is a better option.

Second Trust Deed
A fixed-rate, closed-end loan ideal for one-time projects.

Home Equity Line of Credit
A revolving loan that lets you instantly use as much or as little of your available equity as you need.

Cash-out refinance
Here’s another option that in many cases is better, especially if you can lower the rate on your current mortgage.

Refinance the amount of your current mortgage plus the cost of improvements at today’s lower rates. For instance if your home’s value is $300,000 and you have a $150,000 mortgage, refinance it for $180,000 and get $30,000 for home improvements.

If your mortgage is several years old, refinancing can pay for your improvements, pay off your old mortgage, and leave you with the same or lower monthly payment as you now have.

Call or visit either branch, or go to our Online Mortgage Center for current rates, payment calculators and loan options.


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