Home Equity Loans

Discover the Money in Your Home:

Discover the money in your home with a low rate Home Equity Loan or Line of Credit from Rome Savings Bank. Your home's equity (the value of your home minus the amount you owe on it) is an ideal source of credit for just about anything you want or need.... home improvements, a new vehicle, college tuition or a well deserved vacation. You can also use it to consolidate your bills so you can save on interest charges and enjoy the convenience of one low monthly payment. As an added advantage, the interest you pay on your loan or line of credit may be tax deductible (consult your tax advisor for details). With our great rates and quick approval time you can be taking advantage of your home's equity in no time.

Home Equity Credit Line:

When those unexpected expenses arise, you can sit back and relax knowing that you have your line of credit available to draw on. A revolving line of credit allows you to access your money as you need it, in minimum amounts of $500.00.You'll pay a variable rate that reflects the current market rate, with your principal residence as collateral, and you will only pay interest on the amount you use.

Home Equity Loan:

With a Home Equity Loan, you will receive all of your funds at once. This is ideal if you have a one time need for a set amount such as a vehicle purchase or debt consolidation. A Home Equity Loan provides you with fixed monthly payments, making it easy to budget. Unlike a line of credit, you can use any residential property you own as collateral rather than just your principal residence.

Still need help in deciding which loan is best for you?

Check out our comparison sheet.

Apply today and let your equity work for you:

Our quick and easy approval process combined with our friendly and knowledgeable staff makes it easy to get the money you need for the things that you want. So stop by any of our branches today or call us for an application at 315-336-7300.