Home Equity Loans
If you're thinking about buying a new car, completing home improvements, or consolidating existing debt, a State Savings Bank Home Equity Loan could make good financial sense. Interest on your Home Equity Loan may be 100% tax-deductible (see below) and you'll borrow at a low fixed rate, with up to 20-year financing.
Great Tax Savings
While federal tax reform has phased out deductions on credit card and other consumer loan interest, home equity loan interest may be fully tax-deductible up to the purchase price of your home plus improvements. (Check with your tax advisor for details.)
Call a loan officer here at your State Savings Bank office or stop by and pick up a Home Equity application form. Your loan officer can answer any questions and help you complete the form. In most cases, we'll process your Home Equity application in 24 hours or less.
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