Do you need to tap into your home’s equity to pay for a home remodeling project or to pay off a credit card? A home equity loan is a fixed or adjustable rate loan that is secured by the equity in your home.
We offer home equity loans and home equity Lines of credit (HELOC's) up to 100% of your homes value. The interest rate may be fixed or adjustable depending on which product you select. Many of our home equity loans have NO closing costs!
The process for a home equity loan is similar but much simpler to your first mortgage. The closing costs lower and, although the interest rateis higher on a home equity loan, the interest paid is tax deductible.
To qualify for second mortgage, your credit must be in good standing and you must be able to document your income. An appraisal will be required on your home to determine the home's market value.
We offer home equity loans throughout Indiana. Including Carmel, Westfield, Indianapolis, Fishers, Zionsville, Noblesville, Broad Ripple, Downtown, Geist and more.
Main Street Financial, Inc. 9953 Crosspoint Blvd. Indianapolis, IN 46256