Home Equity Loans

Home Equity Line Of Credit (HELOC)

Mercer County State Bank is committed to providing outstanding, personal and attentive service. Home Equity Lines of Credit are designed for individuals with equity in their homes needing cash for any purpose, such as home improvements, tuition, debt consolidations, or a second home. You pay interest monthly and can repay the principal balance of the loan in any way you want.

Home Equity Installment Loan (HEIL)

A Home Equity Installment Loan uses the available equity in your home as collateral for the loan. Payments can be made over terms up to 180 months.

  • Can be used for home improvements, paying down other debt, and vacations
  • Interest rate is fixed for term of loan
  • Offers a rate of interest generally less than any other type of secured borrowing
  • Interest may be tax deductible; please consult your tax advisor

Contact Your Local Office for more information

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Checks for borrowers to withdraw funds as needed (amounts $250 or more)

Variable Rate