Requity

Have you been meaning to build a cabin on your vacant land, or renovate your existing cabin? It's time to capitalize on the equity in your recreational property for those planned - or unplanned - purchases, while taking advantage of our lower interest rates! 


Uses for a Requity Line of Credit

1. Consolidate Debt
2. Build a Cabin or Cottage on Vacant Land
3. Install a Dock or Buy a Boat
4. Renovate your Cabin or Cottage
5. Buy a Camper or an RV
6. Take a Vacation
7. Make Tax Payments
8. Pay off High-Interest Credit Cards
9. Repay Medical Expenses
10. Finance an Education


Features:
  • Access your line of credit at any time, simply use Bank Online to transfer money from your Requity Line of Credit to a checking or savings account
  • Promotional credit towards closing costs
  • Competitive rates - Check Rates Today!
  • Make interest-only payments if you choose
  • Revolving credit, with ongoing access to funds
  • Only pay interest on the funds advanced
  • Repay any portion of the principal balance at anytime without a prepayment penalty
  • Monitor your loan and make payments through Bank Online
  • Quick, smooth closing process – see our loan checklist
  • 85% of your vacant land value
  • 90% of the value of recreational properties, second homes, and residential property


Benefits:
  • Easily accessible buying power at your fingertips
  • Borrow as much or little as you need
  • Saves you money on taxes
  • Other financial institutions don't provide a line of credit for recreational property
  • A lower interest rate than most other forms of credit