Using Your Equity
Use your home equity to finance ongoing or seasonal needs—withdrawing different amounts as needed. Our helpful loan advisors are here to guide you every step of the way.
- Existing equity in your home is used as collateral backing
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit - as principal is repaid, more becomes available for use
- Interest paid may be tax deductible (consult a tax advisor)
MONEY TIPS
7 Strategies for Paying Off Debt
Paying off debt is a journey that requires discipline, patience and a solid plan. Whether you prefer old school budgeting methods or more modern solutions for quick wins, there’s a strategy that will work for your specific situation. Here are seven of the best to help you become debt-free.
Weather Financial Storms by Preparing for Emergencies
Life can be unpredictable, and it’s not a question of if a financial storm will hit, but when. Whether it’s a sudden job loss, medical emergency, vehicle repair or another unexpected expense, having a financial plan in place will make a significant difference in how well your wallet weathers these situations.
Strategies to Help Protect Your Assets Against Inflation
Gain the upper hand on inflation by learning how to protect your assets using reliable strategies and long-term financial planning from OMB Bank's CEO.