Home Equity

Home Equity Loans

Our Home Equity programs allow you to tap into the equity you’ve built up to make amazing things happen!

Home Equity Loan*

Consolidate all your bills into one simple monthly payment, take that vacation you’ve been meaning to take, or remodel your home. Low fixed rate of interest.  A Home Equity Loan is a fixed rate, fixed payment loan that you pay down over the course of a specific term (number of months).   This is a great product for a single large purchase or project that you want to pay back over time.

  • Terms up to 15 years
  • Interest may be tax deductible (consult your tax advisor)
  • Standard closing costs are waived!

Home Equity Line of Credit*

A Home Equity Line of Credit (HELOC) is a revolving credit account – that allows you to use the money as you need it.  As principal is repaid, it becomes available to borrow again and again.

  • Establish a line of credit and you can draw against it whenever you need it*
  • Draw on your line using checks, transfer in REX Online Services, or by calling your friendly loan officer!
  • Payments can be made through REX Online Services
  • Rates are tied to the prime rate of interest
  • Standard closing costs are waived!
Apply Online

Loans by Phone – 901-332-9232 or 800-833-3544

HELOCAs low as P+0%Up to 15 years
HELOANAs low as 3.25%Up to 15 years

*For additional information, please refer to our disclaimer page.