Quick Tips & Info

Current Rates

Home Equity Line of Credit:

• Consider if your monthly payment will fit into your budget
• Do not use the equity in your home to payoff short-term debt
• Great way to accomplish home improvement plans
• Once you receive a set limit to use, how and when you use the money is completely up to you
• You will only pay interest on what you have borrowed, not what is available to you.  As you pay down the line the money becomes available to you again. 
• Check with a tax professional, but in most cases the interest you pay on your home equity is tax deductible
• Debt Protection is available that includes unemployment, life and disability
• Transfer funds, obtain balance information, make loan payments and check history 24/7 with our free and easy to use Electronic Services: Online Banking, Mobile Text Banking, Telephone Banking

Home Equity Fixed Loan:

• Rivertown does 80% Loan to Value
• Check your property taxes to see if you are paying more than the value of your home
• The value of your home is no longer 2x’s SEV
• Consider if your monthly payment will fit into your budget
• Do not use the equity in your home to payoff short-term debt
• Debt Protection is available that includes unemployment, life and disability
• Check with a tax professional, but in most cases the interest you pay on your home equity is tax deductible
• With our fixed home equity you get a set amount three business days after the date of closing.  The interest will be fixed over the term of the loan.  You will also receive a set payoff term which can go for as long as 10 years.
• Transfer funds, obtain balance information, make loan payments and check history 24/7 with our free and easy to use Electronic Services: Online Banking, Mobile Text Banking, Telephone Banking