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Home Equity Line of Credit

Borrow against the available equity in your home for needed repairs, debt consolidation, education expenses and more.  An Emerald Home Equity Line of Credit has a 10-year draw period and a 10-year repayment period, with no annual fee.  We will lend up to 85% of the appraised value in your home, minus the balance of your current mortgage.


The following is an example of how to calculate the amount of available equity in your home:

Appraised Value of Home
Appraised Value of Home X 85%  
Subtract Current Mortgage Balance
Available Equity in Home


Contact our Lending Department at 216-581-5581 to get your application started today!

Emerald Payment Protection:
Lessen the worry of repaying your loan during a time when your income may be reduced or lost due to death, disability from an injury or illness, family leave or involuntary unemployment.  Give yourself peace of mind knowing that your loved ones won’t be left with the burden of your debt.  Emerald Payment Protection may be added to any new or existing loan. Calculate your approximate protected monthly loan payment now.

Your purchase of Emerald Payment Protection is optional is will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply.  You may cancel Emerald Payment Protection at any time.  If you cancel Emerald Payment Protection within 30 days you will receive a full refund of any fee paid.