Personal loans are for consumer purposes and are often used to purchase the collateral securing the loan. Generally, personal loans are structured as term loans with monthly payments. Interest rates and terms vary depending upon the age and/or condition of the item purchased. Rates are adjusted from time to time and are available upon request.
Home Equity Lines of Credit (HELOCs) make funds available as needed and are secured with mortgages on personal residences. HELOCs are revolving lines of credit with interest paid monthly on the outstanding balance.
Home Equity Loans are generally advanced for home improvements and upgrades and are term loans with monthly payments.
For detailed information and individual attention directed toward your lending needs, call us at 918-392-2500 or contact us online. You can also visit our Mortgage page or Locate a Mortgage Banker for more information on home loans.