Home Equity Loans

Home Equity Term Loan

Home Equity Term Loans may be a good idea if you have a specific project or purpose in mind, know the exact amount you’ll need and don’t plan to borrow more in the near future. HE loans provide the security of a fixed interest rate, fixed term and fixed monthly payment for the life of the loan. Repayment terms may be as long as 15 years.

Home Equity Line of Credit

A Home Equity Line of Credit provides ongoing access to funding for a variety of needs. It helps when you don’t know the exact cost of a major project, or when you’ll have multiple expenses over time, by offering the flexibility and convenience of borrowing under an approved credit limit without the need to reapply for a new loan. PSBT’s variable rate HELOC has a draw period of 10 years followed by a repayment period based on a 20 year amortization of the outstanding principal balance.

Peoples SelectLOC^TM

Peoples Home Equity Line of Credit, Peoples SelectLOC^TM, offers on-going access to funding for a variety of needs.

Peoples SelectLOC^TM combines the convenience of a variable rate line of credit when you don't know the exact cost of a major project, or when you'll have multiple expenses over time, with the security and flexibility to lock-in a fixed interest rate and scheduled fixed payment for a portion or for your entire balance.

Peoples SelectLOC^TM has a variable rate feature with a draw period of 10 years followed by a 20-year repayment period. Account owners may choose up to 3 simultaneous fixed rate, term and payment advances.

Contact any one of our experienced mortgage loan professionals for additional terms and details, or click here to learn more.