TAKE CONTROL OF YOUR FINANCIAL FUTURE
Consolidate your debt with a low-interest rate Home Equity Installment Loan. Reduce your higher interest rate debt to take control of your finances. The Home Equity Installment Loan is a great alternative to higher interest rate credit cards, auto loans, medical bills, or personal loans.
Benefits to consolidating debt:
- Save money by paying off your higher interest rate debt and consolidating it into one low, monthly payment with a new Home Equity Installment Loan.
- Have one fixed rate payment for up to 15 years.
- Organize your life by having a single payment instead of multiple bills to different vendors.
Try out our debt calculator to see how a Home Equity Installment Loan from New Mexico Bank & Trust may benefit you by consolidating you existing debts into a single fixed rate loan.
Speak With One of Our Loan Experts
NMLS ID#: 1651609
NMLS ID#: 1831814
NMLS ID#: 1651608
NMLS ID#: 1041994
NMLS ID#: 1450679
NMLS ID#: 1894403
1The Annual Percentage Rate (APR) shown is accurate as of 12/05/2021 for up to a 15-year Fixed Rate loan with a Loan-to-Value (LTV) of 80%. Payment example: 180 monthly principal and interest payments of $342.97 assuming a $50,000 loan and 2.90% APR. Your APR may be higher and will be based on your credit qualifications, loan amount, and the location and type of property. Payments shown do not include taxes or insurance. The actual payment obligations may be greater. APRs for LTV 80%-90% may be as low as 4.15% APR. Stated APRs include a 0.25% discount for automatic payment from a New Mexico Bank & Trust checking account. Maximum LTV on loans greater than $500,000 is 70%. Maximum loan amount of $2,000,000. Origination fee waived; customer is responsible for third-party fees. Promotion is not valid on home purchase loans. Rates and terms are subject to change without notice. Rates are fixed after consummation. Contact lender for details. Limited time offer. Normal underwriting guidelines apply, subject to credit approval.
2Auto loan average APR accurate according to valuepenguin.com as of September 2021.
3Average private student loan interest rate according to bankrate.com as of August 2021.
4National credit card average is according to creditcards.com as of August 2021.