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    • a brand new kitchen remodel
    • Home Equity

      Are you utilizing the investment of your home to its full extent? By using the equity from your home you can renovate your house, pay for college, consolidate debt, and more!

      There are two options available to access your home’s equity and depending on your needs, one may work better than the other. It’s important that you understand how both options, a Home Equity Line of Credit (HELOC) or a Home Equity Loan) work before deciding which option is best for you.

    • To apply for a Home Equity Line of Credit or Home Equity Loan, give us a call at 573.634.1111 or stop by any Central Bank location today.
    • A Home Equity Line of Credit (HELOC) is an open line, available for use at any time, present or future. The many benefits of a HELOC include:

      • The option to receive cash up front, with the flexibility to use your line of credit at any time for any expense
      • Flexible payment options
      • Interest paid may be tax deductible*
      • The interest rate is lower than credit cards

      A Home Equity Loan, also known as a closed-end second mortgage, is a solution to get cash for a one-time need and specific loan amount, e.g., remodeling your kitchen and paying off the loan in a five-year period. The many benefits of a home equity loan include:

      • Provides cash for a one-time need
      • Fixed monthly payments
      • Interest paid may be tax deductible*
      • The interest rate is lower than credit cards