Fixed Rate Home Equity
UMB offers a fixed rate home equity loan in which the customer’s equity in their home serves as collateral. Most commonly, our customers use this account for making major purchases. Home repairs or remodels, autos, recreational vehicles or a child’s education are just a few of the reasons a fixed rate home equity loan may make sense for you. Additionally, the interest is often tax-deductible. Check with your tax advisor to be sure.