Home Equity

If you are like many homeowners, you may have a substantial amount of equity accumulated in your home.

Equity is the difference between the present value of your home and the amount you owe, if any, on a mortgage. With our home equity options, we can give you an opportunity to use the valuable equity you have accumulated.

There are several other reasons to consider a home equity line or loan.

• It's convenient.
• The interest on a home equity line or loan may be tax deductible. Contact a tax advisor regarding the deductibility of interest.
• There are no closing costs as long as you maintain the account for at least 3 years.
• Repayment options offer flexibility.

Learn more about our home equity programs and which one is best for you!

• Chemung Canal PrimeLine
• Flex+ Revolving Line of Credit
• Fixed-Rate Home Equity Loans (monthly payment)
• Bi-Weekly Fixed-Rate Home Equity Loans (bi-weekly payment)
• View our interest rates
• Apply online

Homeowners hazard insurance required on all properties, and flood insurance is required on properties in flood zones.

For more information, please call us at (607) 737-3739 or toll-free at (800) 836-3711 and ask to speak with a Home Equity Specialist.