Loans allow you to use the equity in your home to make improvements, consolidate higher rate obligations, purchase a car or finance your dream vacation. Borrow up to 90% appraisal loan-to-value or 90% of tax assessment. An application fee is required (amount determined by whether an appraisal is required) but, is refunded as a principal only payment to the loan after 24 consecutive monthly payments have been made in a timely manner. Interest paid may be tax deductible if you itemize your taxes.