Using Your Equity
Use your home equity to finance ongoing or seasonal needs—withdrawing different amounts as needed. Our helpful loan advisors are here to guide you every step of the way.
- Existing equity in your home is used as collateral backing
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit - as principal is repaid, more becomes available for use
- Interest paid may be tax deductible (consult a tax advisor)
MONEY TIPS
How to Build an Emergency Fund from Scratch
Building an emergency fund is one of the smartest financial moves you can make. It provides a safety net for unexpected expenses, reduces stress and helps you avoid debt when life throws curveballs. In this comprehensive article, we’ll walk you through practical steps to create an emergency fund from the beginning - no matter your income or current savings - and provide strategies for staying consistent even when money is tight.
Why Local Businesses Choose OMB Bank for Treasury Services
At OMB Bank, Treasury Services is about more than numbers - it’s about people. Learn how your business could benefit and how community banking makes all the difference.
APR vs. APY: What’s the Difference and Why Does It Matter?
APR and APY may sound similar, but they measure two very different things - and understanding them can help you make smarter financial decisions. Whether you’re comparing loan offers or exploring savings accounts, knowing how these percentages affect what you owe or earn is essential. Learn more in simple terms, with examples to help you see how each one impacts your money.