About News Locations Associates Careers Contact Search Account Access --Select Online Access-- BANKING ---- Consumer Internet Banking ---- Business Internet Banking TRUST & INVESTMENTS ---- Retirement Plan Participants ---- Private Investors OTHER BANKING ACCESS ---- Remote Deposit ---- Business Credit Card ---- Discount Brokerage ---- Positive Pay System ---- OnBase Web Access ---- Secure Upload ---- Points2U Rewards Program ---- WoodTrust Gift Cards ACCOUNT ACCESS HELP     Business Banking   Consumer Banking   Trust & Investments   Mortgage   Commercial Lending Deposit Services Business Credit Cards Business Internet Banking Remote Deposit Health Savings Accounts Other Services Mortgages Home Equity & Consumer Loans Consumer Internet Banking Checking Accounts Savings Accounts HSAs CDs Private Banking Investment Management Fiduciary Services Retirement Plans Trusts & Estate Planning IRAs Financial Planning Discount Brokerage Mortgage Lending Mortgage Application Home Equity & Consumer Loans Consumer Loans Consumer Loans Consumer Loan Application Home Equity Loans MasterCard and Visa WHEDA Major Rehabilitation Loan Credit Insurance Student Loans   Consumer Banking Mortgages Home Equity & Consumer Loans Consumer Internet Banking Checking Accounts Savings Accounts Health Savings Accounts Certficates of Deposit Private Banking WoodTrust.com > Consumer Banking > Home Equity & Consumer Loans > Home Equity Loans   Home Equity Loans Line of Credit Lower interest rate Interest monthly Interest may be tax deductible – consult a tax advisor for details Revolving line for future advances to checking account Term Loan Lower interest rate than most consumer loans Fixed principal and interest payment for faster payback Interest may be tax deductible – consult a tax advisor for details This is a simple formula to calculate the lendable equity in a home: Home Equity Calculation Value of Home ($150,000) X 85% = $127,500 Balance owed on all mortgages = – $100,000 Home Equity = $27,500 Benefits Debt consolidation Home improvements Vehicle purchase Education Expenses
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