Home Equity

Second Mortgages

The equity in your home can be an excellent asset available to help pay for anything life throws at you. Marathon Bank offers second mortgage options, separate from your first mortgage, to help you access that equity for your needs.

Offering flexibility and possible tax advantages, these mortgages are often used to finance a new vehicle, make improvements to your home, pay for education expenses, take a vacation or consolidate debt into one affordable payment. We offer two ways to utilize your equity…home equity loans and home equity lines of credit.

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Home Equity Options

Fixed Home Equity Loan

A fixed home equity loan allows you to take out a set amount of money at one time. The loan is paid back with set payments over a specified term so that you know exactly how long it will take to repay the loan.

  • Flexible terms, customized to your unique situation
  • Interest paid may be tax deductible*
  • Prompt, local decision-making and processing

Home Equity Line of Credit

Often referred to as HELOCs, this type of loan allows maximum borrowing benefits and payment flexibility.  Enjoy access to your line of credit at any time and only pay interest on the money that is used.  As you pay back funds borrowed, you are able to access them again in the future without having to re-apply for a new loan.

  • Owner-occupied only properties
  • Interest-only payments
  • Access your money 24/7 with online transfers
  • Interest paid may be tax deductible*
  • Prompt, local decision making and processing

*Consult a tax advisor

NMLS Registry

The NMLS Consumer Access is a free service for consumers to confirm that the mortgage company or mortgage professional with whom they wish to conduct business is authorized to conduct mortgage business in their state. The unique identifier also allows consumers and the industry to easily track specific originators’ histories and qualifications through NMLS Consumer Access. www.nmlsconsumeraccess.org.

NMLS ID: Name:
517043       Marathon Bank
489442       Michelle Knopf
1794131     London Wandler