Home Equity Accounts
The down payment you made on your home and the monthly principal payments you’ve been making may add up to a rich resource of financing for education, unexpected expenses, travel, and more! A Home Equity Account allows you to use the “paid for” portion of your home if needed – plus you may enjoy a tax benefit. Your local Dacotah Mortgage Banker can help you choose between a fixed payment home equity loan and a home equity line of credit where you can draw down and pay back several times during the term of your loan. Contact Us.