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Equity and Energy Loans

A Home Equity Loan is a type of second mortgage, your first mortgage was used to purchase your house, but with enough equity you can borrow against your property. If you want to renovate any rooms in your home, need a new roof, or want the landscaping of your dreams, Cornhusker Bank has the Home Equity Loan or Home Equity Line of Credit to fit your needs. There is no shortage of ways you can use home equity loans or lines of credit.

Cornhusker Bank also offers special low-rate loans to conscientious home owners, working with the Nebraska Energy Office. Potential uses for a home Energy Loan are for new windows and doors, insulation, high-efficiency water heaters, thermostats, , or heating and air conditioning equipment. If you want to improve your home’s energy efficiency, an Energy Loan may be your perfect solution.

HELOC_2018 Fall

*Limited time only. Annual Percentage Rate of 4.99% is fixed for twelve months and then becomes variable daily. Five year term. Rate will change to a variable rate equal to the Wall Street Prime Lending Rate with a floor of 5.25% APR. Maximum APR during the term of the loan is 18%. Loan to Value (LTV) must be 80% or less to qualify for the promotional rate. Other rates and terms are available for higher LTVs. Customer rate may be higher depending on the loan to value and other credit factors. Must be secured with Owner-Occupied Primary Residence. Minimum loan amount of $10,000. Appraisal may be required at borrower’s expense. Annual maintenance fee of $50.00 will be charged on the anniversary date of the loan. Other fees ranging from $200.00 - $400.00 may apply. Property insurance required at borrower’s expense. Minimum payment example with initial immediate advance of $10,000.00: At an APR of 5.25%, if you made only the minimum monthly interest payment and took no further advances, you would make 59 payments of $43.75 with a balance due of $10,000.00 plus accrued interest at the end of the five year period. If maximum APR of 18% is reached, your monthly payment would be $150.00 for 59 payments with a balance due of $10,000.00 plus accrued interest at the end of the five year period. A balloon payment will result. Offer good from September 5, 2018 through October 31, 2018. New consumer loans only. Consult your tax advisor regarding deductibility of interest.

 

 

Home Equity Loan

Home Equity
Line of Credit

Energy Loan

If you need:

  • Fixed Amount
  • Fixed Interest rate
  • Fixed Payment
  • Variable or ongoing funding
  • Flexible payment options
  • Ability to draw on loan as needed
  • Low Interest loans for home improvements that save energy3

Potential Uses:

  • Short-term home projects
  • Auto purchase
  • Consolidate debt
  • Vacation
  • Future funding of projects or purchases
  • Ongoing access to funds
  • Immediate access to funds when you need them
  • Windows and doors
  • Insulation
  • High-efficiency water heaters
  • Thermostats
  • High-efficiency heating equipment or air conditioning

Available Terms:

  • Up to five years with fixed rate2
  • Fixed or variable rates
  • Up to five year terms available
  • Low Interest rates offered through the Nebraska Energy Office3

Tax Benefits:

  • Interest may be tax deductible1
  • Interest may be tax deductible1
  • Interest may be tax deductible1

Other Features:

  • Lower interest rate with auto-payment from checking account.
  • Low competitive rates
  • Other energy efficiency and waste minimization project may qualify.

 

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1 Check with your tax advisor for specific details
2 Longer payment schedules available
3 Some restrictions apply.  See a personal banker for details.

You may qualify for lower loan rates by having automated payments from a Cornhusker Bank Checking Account. Call us for more information at 402-434-2265.

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