Compare Home Equity Loans & Lines


A property Equity Loan 1 can be an installment loan having a fixed price and term. Its a great option in the event that you want set repayments and require cash for one-time cost. A house equity loan is ideal for debt consolidating and expenses that are large.

An Equity Reserve actually credit line 3 that you could draw in as required around your limitation. Its great option if you desire use of funds now and ongoing. And, its a choice that is perfect do it yourself, training, debt consolidation reduction as well as for emergencies.

Key Features

The house Equity Loan includes a rate that is fixed and equal monthly obligations over a particular amount of time.

Having an Equity Reserve credit line, you have got use of credit that is available plus in the near future and never have to re-apply.

A interest that is fixed throughout the term of this loan.

Distinct Credit – adjustable rate of interest. As soon as you set up a stability you may possibly pick a set price by having a unique rate lock function. You are able to secure as much as three loan sections inside your authorized borrowing limit at a set price and term that is fixed. No approvals that are additional necessary.

Relationship Discount

A 0.25per cent discount can be obtained whenever repayments are immediately deducted from your own Sandy Spring Bank checking at loan origination.

A 0.25percent discount can be obtained whenever repayments are immediately deducted from your own Sandy Spring Bank checking at loan origination.


Terms available from 5 to two decades

10 draw period with a 30 year repayment period year. Fixed term price portions can vary.

Minimal Loan Amount

Residence Equity Reserve Distinct Credit $20,000

Maximum Loan Amount

Optimum Loan To Value

Repayment Choice

Fixed repayments of Principal and Interest. Additional repayments may be built to lower principal without penalty.

Minimal repayment throughout the draw duration is interest just. Throughout the payment duration, the minimal repayment is 2percent associated with the outstanding stability.



Month-to-month statement with one payment that is monthly

Closing Expenses

Nearly all are waived 2

Nearly all are waived 4

Yearly Fee

Usage of Funds

Onetime, swelling amount

By check, on line transfer, or transfer by phone

Balance Transfer Costs

Overdraft Protection

Yes, associated with a Sandy payday loans online Delaware direct lenders Spring Bank bank checking account

Our Fair Lending Policy Statement can be acquired to see on the web.

Prices and Terms topic to alter with no warning. Other prices and terms available. Adequate home insurance coverage needed. All lines/loans at the mercy of credit approval. Please check with your income tax consultant tax deductibility that is regarding.

Residence Equity Loan 1 percentage that is annual (APR) of 5.04percent at the time of 4/20/2020. Price quoted is for 1-4 household, owner-occupied residence. Price assumes a 0.25per cent discount for automated debit from the Sandy Spring Bank bank checking account on that loan of $20,000 or even more by having an LTV of 70percent or less plus 1- to term that is 5-year. Payment per month per $1,000 lent for 5 years is $18.89.

2 to start a merchant account, you need to spend specific charges to 3rd events such as for instance appraisers, credit scoring organizations, and federal government agencies (shutting expenses). These alternative party charges generally speaking total between $540.00 and $1,400.00 for the $50,000 credit line. We shall spend all closing expenses in your stead at closing BECAUSE OF THE EXCLUSION OF EVERY RELEVANT TRANSFER TAXES AT CLOSING. You can expect to reimburse united states the closing expenses we spend in the event that loan is ended (us) during the first 3 years by you or.

Residence Equity Reserve type of Credit 3 Standard prices can vary and are usually considering alterations in, the best rate that is prime into the Wall Street Journal’s “Money prices” part regarding the very first working day of each thirty days. At this time rates that are standard from 3.25per cent APR to 7.50percent APR (Prime plus 4.25per cent) and generally are based on credit qualifications, loan-to-value ratio and authorized borrowing limit. Optimum APR is 24percent. Susceptible to credit approval. APR by 4/20/2020. Adequate home insurance coverage is needed. Prices quoted are for 1-4 family members, owner-occupied residences. Closing expenses are maybe not waived for sale deals.

4 to start a merchant account, you have to spend particular costs to 3rd events particularly appraisers, credit rating organizations, and federal government agencies (closing costs). These alternative party charges generally speaking total between $540.00 and $1,400.00 for $50,000 personal credit line. Shutting Price Repayment (Protection Interest Fees). We shall spend your closing expenses, as much as $5,000. You have to spend all closing expenses, including transfer income tax that surpass $5,000. You will definitely reimburse united states for several closing expenses during its first 3 years that we paid on your behalf to third parties if the Line is terminated by you or us. Upon demand, we will offer you an itemization of the closing expenses.