Optimize your home’s value with a Home Equity Loan.
Wondering how you can pay for that kitchen or bathroom remodel? A family vacation? Your child’s tuition? Or an unexpected expense? With a GHS home equity loan or line of credit, you can leverage the equity you’ve built in your Broome, Chenango or Tioga County, NY, home for lots of reasons – even to consolidate credit card debt.

Why secure home equity financing from GHS?
For more than 70 years, we’ve provided our members with quality financial services at an affordable cost. And, with GHS multipurpose home equity financing, you’ll also benefit from:

  • Same day pre-approvals.
  • Fast closing.
  • An interest rate that beats that of a credit card or personal loan.

You can refinance an existing loan from another financial institution – and save with GHS. Why pay more?

GHS offers two types of home equity financing:


Home Equity Loan

Homeowners typically select a GHS home equity loan to cover a large, one-time expense, like a home improvement project. At closing, you receive a lump sum payment that equals the entire amount of the loan. A home equity loan has a fixed interest rate, so you can lock in a competitive rate and not be concerned with payment fluctuations throughout the loan’s term. Best of all, the interest rate on a home equity loan is typically lower than what you’d pay on a credit card or personal loan – and oftentimes the interest you pay is tax deductible. (Check with a trusted tax advisor for details.)

Home Equity Line of Credit (HELOC)

Like a Home Equity Loan, a HELOC can finance a large home improvement project, but it also can be utilized for expenses that occur over time, like college tuition, emergencies and yearly vacations. The key difference is that instead of receiving your money in one-lump sum as you do with a loan, with a HELOC, you have access to a line of credit, which you can draw from as needed during a specified time period. That means you pay interest only on the amount of credit you use. Unlike home equity loans, HELOCs have variable interest rates, which may change over time.

Home equity financing with added peace of mind.
If you so choose, credit life insurance and credit disability insurance are also available on GHS Home Equity Loans. These policies pay on your loan should you die or become disabled.