When you need extra cash for whatever reason, we can set up a personal loan for you. Collateral for these types of loans can be Glacier Bank certificates of deposit, real estate, and other personal property. (Or can be done unsecured - OAC - ).
Click here to go to the Consumer Loan Application.
Lot Financing Program
Glacier Bank has a special lot financing program designed for those who want to buy a lot with plans to build a home for personal use in the near future. These loans are set up to provide simple/cost effective financing for lot purchases.
Home Equity Lines of Credit and Loans
Here are the advantages of a Home Equity Line of Credit:
- A revolving line of credit is approved for a maximum amount and can be accessed repeatedly — Funds are available whenever you need them without going through the loan approval process over and over.
- Funds are accessed by check. — Easy access to cash when needed. You don't need to contact the bank each time you want to make a draw against the loan. Use Online Banking to deposit funds into your checking or savings account and make loan payments.
- You can also opt to link your credit line to your checking account — Serves as overdraft protection affording peace of mind at times when it maybe needed.
- Preferred rates for large equity positions and good credit histories.
- Interest assessed on the outstanding balance — Interest is charged only on the actual amount advanced.
- Variable rates as well as fixed Rates for various time periods are available. Balloon payment will often result. Offer of credit is subject to credit approval.
- Interest paid may be tax deductible (check with your tax advisor)
- Once established, your home equity line of credit is there when you need it to use over and over again — You can improve your home, consolidate personal obligations and make major purchases like a new car, pay tuition or fund important investments.
If you need it, want it, desire it, or dream it, we want to help you get it!!
A Home Equity Line of Credit allows you to access equity you have built in your home for whatever needs you may have. It's easy. By borrowing against the equity in your home, you create a line of credit that you control. For example: If you establish a $15,000 home equity line of credit, you access these funds by simply writing a check. If you write checks for $2,500, you only pay interest on that amount. You still have $12,500 available to use. Pay down your line and use these funds over and over again. It's that simple...like approving your own loan whenever you want.
Why should you obtain a Home Equity Loan or Line?
One of the biggest advantages of a home equity loan or line compared to a vehicle or consumer loan is the possible tax deductibility of the interest paid on these loans -- consult a competent tax advisor.
A Glacier BankSM Home Equity Loan or Line of Credit is an agreement where the borrower(s) uses the equity in their home as collateral for the loan / line. Home Equity loans and lines are the most popular methods for consumers to finance home improvements, invest in more property, manage their personal cashflow, purchase vehicles or consolidate debt, and usually at a lower interest rate. Home equity loans are for a specific amount and are amortized / paid over a defined period of time. A Home Equity Line of Credit is a revolving line of credit accessed by Online Banking or through checks. You can make major purchases, pay off debt or use for any other purpose to manage your personal cashflow. Generally these loans and lines are the second mortgage on your residence, but can be a first mortgage, or possibly a mortgage on a second home or investment property.
Home Equity Loans are available with a fixed interest rate or variable rate. Depending on the product, your monthly payments may be adjusted annually or your monthly payment may stay the same when rates change.
Most Home Equity Lines of Credit have a variable interest rate and are adjusted and indexed like the Home Equity Loans. Pricing for these lines varies by customer depending on the credit quality, the term of the line, and the line amount compared to the value of the home. We suggest the payments be automatically deducted from a Glacier Bank checking or savings account each month.
Application and Approval Process:
Please complete an application for the loan or line and submit it to any Glacier Bank office. Your application will be expedited if you include a copy of your homeowner's insurance policy and a verification of income / earnings. We can usually "conditionally approve" a home equity loan or line within a day of receiving a complete application and other supporting documents. We may require an appraisal in certain situations.
Click here to use our new easy to use Online calculators, to help you solve some common financial problems. If you find these calculators useful, be sure to bookmark this page or suggest it as a link to your favorite home page or search engine.