Skip to content
*Annual Percentage Rate (APR) is accurate as of 3/19/2025 and is subject to change without notice. Applications are subject to credit approval. The monthly payment per $1,000 borrowed at 5.99% APR for 60 months is $19.33. Payments do not include amounts for taxes and insurance premiums, if applicable, total payments will be greater. $10,000 minimum loan amount. Borrow up to 80% of your home’s equity. Advertised APR is based on a credit score of 720 or higher and automatic payment from a Wayne Bank checking account. Property insurance is, and title insurance and flood insurance may, be required. Limited to PA and NY properties only. Other restrictions may apply, and other rates and terms are available. **Borrower will reimburse lender for lender-paid 3rd party charges if loan is paid off within 36 months of origination. NY Properties are subject to NY state mortgage tax for advertised rate. NY property borrowers have the option to waive NY state mortgage tax with an increase of .25% to advertise APR, ask for details. NMLS#462082.
Home Equity Loans
Home Equity Loans and Home Equity Lines of Credit (HELOC) provide the opportunity to borrow against the equity in your home.
Home Equity Loans and Lines of Credit are very often used to finance home remodeling and repairs, but they are not limited to property improvements.
A Home Equity Line of Credit (HELOC) makes sense if you need to borrow smaller amounts over a longer period of time, whereas a home equity loan is better if you need a large amount of money all at once.
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit, or HELOC, works more like a credit card in that it makes a certain amount of credit available to you as you need it, for a limited term. This allows you to borrow as much or as little as you need, within your credit limit. A HELOC also has an adjustable rate that changes with the market, which means that your payments will fluctuate with changes in interest rates and will vary as your balance changes.
