Home Equity Loans

Second Mortgages

The old-fashioned Second Mortgage is new and improved at Pacific Trust.

Lines of credit are great for meeting future borrowing needs. But, when you need to borrow a certain amount now and repay it over a fixed amount of time, this is the way to go.

We have great rates, can lend up to 90% of your home's current value, offer both fixed and adjustable rate second mortgage programs, and can schedule repayment terms out to 15 years. To minimize your monthly payment, we even have a second mortgage that amortizes over 30 years with a balloon payment due in 15 years.

Home Equity Loans

Compared to other financing choices, the primary advantages of home equity loans over consumer loans are their relatively low interest rate, and possible tax-deductibility of interest expense (see your tax advisor for details).

Home Equity Credit Line

Our Home Equity Credit Line is your best choice when planning for future cash needs. You can borrow money against the equity in your primary residence, repay it, and borrow it again. Funds are available when you need it, up to your credit limit. And your low minimum monthly payment is just 1.0% of your outstanding loan balance or $50, whichever is greater.

After any introductory interest rate period that may apply, interest rates may vary with the Major Bank Prime Rate and a margin based on the credit limit's "loan-to-value" ratio to your home's market value.

See news about our current Home Equity Line of Credit Special Offer.

Not sure which home loan is right for you? Talk over your financing needs with a Pacific Trust loan officer. We're here to help. Call us toll-free at (877) 441-BANK.

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