FIRST NATIONAL BANK OF NOKOMIS ONLINE BANKING is offering an enhanced internet banking experience beginning on Monday, April 5, 2021!!!

Home Equity Loans

"Cash in" on the equity in your home with a home equity loan from Stonington Bank. Credit lines are available for up to 80% of the value of your home less any prior outstanding balances. Lines can be approved for up to 3 years with required payments as low as 1% of your outstanding balance per month. Interest rates are tied to prime with a ceiling to provide protection against possible future rate increases. Need some money to buy a car, pay tuition, or remodel a kitchen? Once your home equity line of credit is established, it is as simple as writing a check. And in many cases, home equity loans provide you with a tax advantage (consult your tax advisor regarding deductibility of interest).

Call your area branch for further information.