Lending Solutions
Home Equity Loans

Home improvements and unexpected repairs are no problem with a Home Equity Loan or Home Equity Line of Credit from Bank of Pontiac. 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.