Loans allow you to use the equity in your home to make improvements, consolidate higher rate credit cards, purchase a car, finance your dream vacation; the possibilities are endless. 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. Minimum limit $10,000 with a five year draw period. The rate is variable. Up to 80% LTV rate is based on prime as of January 21st of each calendar year. 80-90% LTV is prime plus 1%.