JCB offers two types of Home Equity Loans: Home Equity Cashline
and Home Equity Fixed Term
Determine the equity available in your home by simply taking 90% of the
market value
of your home and subtract what you currently owe on it.
This is the equity available
in your home.
Home Equity Cashline
- Establish a credit limit based on the equity available in your home, and
credit qualifications - Advance funds as you need them up to your approved credit limit
- Great resource for home remodeling projects, educational expenses, or as
backup for unexpected events that arise - Variable rate of interest, which adjusts with the WSJ prime rate
- Monthly minimum payments are a percentage of the outstanding principal and
may be auto deducted from a JCB deposit account - Because the loan is secured by real estate, you may be eligible for tax
benefits too. (For tax benefits available, please consult your tax advisor.)
JCB's Home Equity Fixed Term
- Borrow based on the equity available in your home
- Repay it at fixed rate of interest at a fixed monthly payment amount over 10 years or less
- Great when you need the money in a lump sum, like a new roof or consolidating debt
- Payments may be auto deducted from a JCB deposit account
- Because the loan is secured by real estate, you may be eligible for tax benefits too. (For tax benefits available, please consult your tax advisor.)
Lending to qualified borrowers residing in Jackson, Lawrence, Jennings, Bartholomew and contiguous counties in Indiana
PO Box 1001, Seymour, IN 47274
(812) 522-3607
Equal Housing Lender, All Rights Reserved.