|
Home
Equity & Consumer Loans
Home Equity Products
Home improvements
and unexpected repairs are no problem with a Home Equity Loan
or Home Equity Line of Credit from Bank of Dwight. You can even use the equity in your home to purchase
a car, fund a college education, take a dream vacation or pay
for a wedding. The options are endless! And best of all – Home
Equity is a smart way to borrow, offering tax saving benefits.
Home Equity Loan
- You borrow a set amount and make fixed monthly payments.
- The
interest may be tax deductible – consult
your tax advisor for details.
Home Equity Line of Credit
- Works similar to a charge card, but offers a much lower
interest rate.
- You’re
pre-approved up to a specified credit limit and provided
with a special
set of checks.
- When
you need to access your money, simply write as many checks
as you wish for any amount within your credit limit.
- Payments
are based on the amount you actually use. For example: If you’re
approved for $50,000 and only use $15,000, your payments are
based on $15,000.
- The interest
may be tax deductible – consult
your tax advisor for details.
Consumer Loans
Whether you’re buying a new set of wheels, have your eye
on a fancy RV or simply need cash for unexpected bills, we have
a Consumer Loan that can help you achieve your goals. Consumer
Loans are available in a variety of types and feature fixed monthly
installments as a method of repayment:
- Personal Loans
- Automobile & Truck
Loans
- Motorcycle Loans
- Recreational
Vehicle & Travel
Trailer Loans
- Mobile Home Loans
- Debt Consolidation Loans
 
Consumer Loan Insurance
Involuntary Unemployment Insurance
- You become eligible for IUI benefits if you lose your job
due to non-seasonal layoffs, employer termination or a lock-out.*
(*Does not include strikes.)
- Your IUI benefits will take
action after 30 days and the number
of IUI payments will vary with your loan term.
- Your insurance
premium is added to your monthly loan payment.
Credit Life Insurance
- Pays off your outstanding consumer loan
balance up to the plan maximum if you should die before your
loan is paid off.
- Your insurance premium is added to your monthly
loan payment.
Accident & Health
Insurance
- Available with Credit Life insurance.
- Makes
your payments while off work due to health conditions (cannot
be pre-existing
conditions).
- Your benefits will take action after 14 days and
the insurance premium is added to your monthly loan payment.
|
