Perhaps you would like to give your home a makeover with new paint and furniture, tackle that landscaping, or build that addition. A Home Equity Loan or Line of Credit from Best Reward may have a lower rate than your credit cards or other loans, so it’s the perfect solution to get your projects off the ground. Plus, you’ll enjoy the convenience of only one monthly payment.
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Home Equity Line of Credit
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Home Equity Loan
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Please contact us to obtain the APR* for the loan you request.
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Our competitive rate is established at the time of application based on your credit, income, and collateral.
Rate may vary monthly based upon the Wall Street Journal Prime Rate.
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Our competitive rate is established at the time of application based on your credit, income, collateral, and the term of loan.
Rate does not change during the term of the loan.
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Who It's For |
Those who want access to loan funds now and in the future. |
Those who need a specific amount for an immediate need. |
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Great Option If |
You want the flexibility to use your funds at anytime as you need them. |
You want to receive your funds at one time and make fixed payments.
You wish to replace your low-balance, high-rate mortgage with our low, fixed-rate Home Equity Loan
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Monthly Payments |
Will vary based upon your outstanding balance each month. |
Determined at the beginning of the loan and fixed for the life of the loan. |
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Fees & Costs* |
No Origination Fee |
Nominal Origination Fee determined by the length of the loan. |
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Repayment Period & Terms |
5 Year Draw Period followed by a 10 Year Repayment Period |
We will help you determine what repayment term best fits your budget. |
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Access to Funds |
Convenience Drafts/Checks to access your funds (up to your credit limit) as needed. |
One-time disbursement of funds by Draft/Check or deposit into your Best Reward Share Draft (Checking) Account. |
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Tax Deductibility |
Interest is usually tax-deductible. Consult your tax professional. |
Interest is usually tax-deductible. Consult your tax professional. |
As a homeowner, it's the most affordable way to improve your home and more. Lock in at our low, competitive rates before they begin to rise. Click HERE to apply online today.