As a homeowner, you can earn credit for the equity in your home. It's flexible - you decide how and when to spend your money. Use it to "fill in the blanks" for your dream plan, whether it's a new kitchen, a new car, or to consolidate debt. Other benefits include:

• Your interest may be tax deductible (consult a tax advisor)
• Low fixed rate with one simple monthly payment
• No prepayment penalty or cancellation fee
• Use it for just about anything - a car, vacation, home improvement project, medical bill, debt consolidation, and more

What type of Home Equity Loan is right for me?

• If you do not know how much money you will need, or if you plan on using the money over an extended period of time, you may want a home equity line-of-credit. With a line-of-credit, you have a maximum limit, and are charged interest only on the amount you use at any given time. You will receive convenience checks so that you can simply write a check for the amount you need.
• If you plan on making one single purchase, or you know the amount of money you need, you may want a fixed rate home equity loan. That means you receive the entire balance at the time you take out the loan.

What are some of the additional costs involved with a Home Equity Loan?
With a home equity loan you'll pay a closing cost, which averages around $175 at Glacier Hills. You will also pay an annual maintenance fee for a line-of-credit. The Glacier Hills fee is $25, and it is waived the first year. Other financial institutions may charge $50 - $100 in annual maintenance fees. Some financial institutions also charge prepayment penalties or early cancellation fees upwards of $300. Glacier Hills has no prepayment or cancellation fee.

A home equity loan qualifies for 50 Glacier Points. Go to My Glacier Rewards.