Home Loan Solutions

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. Home Equity Loans enable you to pay for major expenses by borrowing the available equity in your home, up to 70% of the appraised value less any existing mortgages or liens. They 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.