Taking Advantage of the Equity in Your Your Home

Whether you need to make a significant purchase, want to remodel your home, consolidate debt, or help put your child through college, our home equity loans or home equity lines of credit can serve as a beneficial and flexible funding option. BlackRidgeBANK offers financing options to take advantage of the equity you have built in your home or cabin. Equity is either built through the reduction of mortgage balances or through the appreciation of the value of the property.

Home Equity Loans

A home equity loan advances you a single sum of money with a fixed interest rate, and typically provides predictable payments that include interest and principal over a fixed period. These loans offer the certainty of a fixed payment and interest rate over the life of your loan. We assess your entire situation in order to make a recommendation. The interest rate, repayment terms and costs to establish a home equity loan are dependent upon your unique situation.

Real Estate Loan Application

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) gives you the flexibility to borrow money as needed, up to the credit limit established when you open the line of credit with BlackRidgeBANK. As you repay your outstanding balance, the amount of available credit is replenished, very similar to how a credit card works.

The interest rate is variable on HELOC products, however the flexibility to use the funds when you need them can reduce the borrowing costs over time. Our standard HELOC product has a lifespan of ten years, which allows you to use the funds for a specific need now and possibly unknown needs in the future!

HELOC Application

Our Promise to You

Working with a banker at BlackRidgeBANK is an opportunity to find a solution that is right for you. We firmly believe that no two situations are the same, and that is why we strive to work with you every step of the way. 

Contact us today for more information!

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