Requity
Capitalize on the equity in your recreational property for those planned or unplanned purchases, while taking advantage of our lower interest rates!
Features
- Revolving credit, with ongoing access to funds
- Repay any portion of the principal balance at any time without a prepayment penalty
- 85% of your vacant land value
- 90% of the value of recreational properties, second homes, and residential property
Benefits
- Work with the only lender in town who provides a line of credit for recreational property
- Accessible buying power at your fingertips
- Borrow as much or little as you need
- Make interest-only payments if you choose
- A lower interest rate than most other forms of credit
eServices
- Apply online - easy & convenient
- Access your line of credit at any time by transferring the funds using Bank Online
- Monitor your loan and make payments through Bank Online
Use Your Requity Line to...
- Consolidate Debt
- Build a Cabin or Cottage on Vacant Land
- Install a Dock or Buy a Boat
- Renovate your Cabin or Cottage
- Buy a Camper or an RV
- Take a Vacation
- Make Tax Payments
- Pay off High-Interest Credit Cards
- Repay Medical Expenses
- Finance an Education
Mortgage Loan Checklist
Begin the process fully-prepared, from there we're confident it will be smooth sailing.
- Completed Mortgage Loan Application
- Purchase Agreement with Any Addendums (not needed to refinance)
- Two Recent Pay Stubs
- Most Recent W-2
- Current Bank & Investment Statements
- Loan Payment Information
- Personal Tax Return
- Driver's License
- Homeowner's Insurance
- Property Tax Bill
- Business Tax Returns & Certified P&L (if self-employed)
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