Sturgis Bank

Home Equity Loans

A home equity loan is a type of loan that allows you to borrow against the equity you have in your property. There are several benefits to taking out a home equity loan. First, the interest rates on home equity loans are typically lower than those on other types of loans, such as credit cards or personal loans. This can save you a significant amount of money in interest charges over the life of the loan. Second, home equity loans can provide you with a lump sum of cash to use for a variety of purposes, such as home renovations, paying off high-interest debt, or covering unexpected expenses. Finally, home equity loans generally offer longer repayment terms than other types of loans, which can make monthly payments more manageable. Interest you pay on a home equity loan may be tax-deductible, making it a financially savvy option for some homeowners (check with your tax advisor).

Contact a Loan Officer Today

Our experienced loan officers are ready to help you find the right mortgage option to fit your unique needs. Whether you're a first-time home buyer, looking to refinance, or investing in property, we're here to guide you through the process and answer any questions you may have.

Contact us today to schedule a consultation with one of our loan officers and take the first step toward achieving your home ownership goals.

Loans subject to credit approval. Sturgis Bank NMLS#407562.

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Mortgage Center

Mortgage Center

We are more than happy to help with your home buying process. Interested in applying for a loan? Click below!

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