Home Equity Loans
Home equity loans are most often used to pay for home renovations, home furnishings, college tuition, automobiles, medical expenses, vacations, and debt consolidation. The interest paid on a Home Equity Loan is often tax-deductible for most borrowers. Consult your tax advisor for details. PNCU offers two types of home equity loans to homeowners.
Home Equity Line of Credit - 10 Year draw period; 10 Year repayment period
Home Equity Line of Credit is a convenient and flexible source of funds that you access when you need them. A great way to finance periodic expenses like college tuitions or home remodeling projects..
Home Equity Loan
A Home Equity Loan is a fixed rate loan with a set term, for an amount determined by the available equity in your home. Ideal for a larger one-time purchase or debt consolidation.