Home Equity

Equity is the difference between the present value of your home and the amount you owe, if any, on a mortgage.

There are several other reasons to consider a home equity line or loan.

• It's convenient
• The interest on a home equity line or loan may be tax deductible. Contact a tax advisor.
• There are no closing costs as long as you maintain the account for at least 3 years
• Repayment options offer flexibility

Learn more about our home equity programs and which one is best for you:

• Fixed-Interest-Rate Home Equity Loans (monthly or bi-weekly payment) 
• Flex+ Revolving Line of Credit
• View our interest rates
• Apply online with Chemung Canal Trust Company's Online Mortgage & Home Equity Center