Equity is the difference between your home's value and any mortgages you have on your home. At Village Bank, you may borrow as much as 85% of the appraised value of your home, minus any mortgages on your home.
Example:
Appraised Value ($300,000 x 85%): $255,000
Subtract First Mortgage Balance: $200,000
Your Equity: $55,000
Fixed Rate Home Equity Loans*
We offer a variety of terms with very competitive rates. This product helps you consolidate debt or provide the quick funds you need for that large purchase such as a new car or a renovation of your bathroom or kitchen.
Home Equity Line of Credit*
The Line of Credit gives you the ability to access funds easily and quickly. Just by writing a check, you will be able to finish the deck you have dreamed of, buy a new car or pay for college tuition.
* All loans are subject to credit approval. Please consult your tax advisor as to tax deductible effects. Village Bank offers no closing cost loans if specified criteria are met.
Download the Village Bank Personal Financial Statement Worksheet. Village Bank™ Personal Financial Statement Worksheet is an excel file which contains macros. Your computer security settings may not allow you to open the file unless you enable the macros. You may even get a message about how downloading files from the internet may be harmful to your computer. When printing the Personal Financial Statement, make sure you select "Print Entire Workbook" -- to insure the document prints completely and correctly.
