Home Equity Lines of Credit
Have the funds you need, when you need them — a home equity line of credit turns the equity in your home into funds you can use on an ongoing basis.
You pay interest only on the amount you use. And once you're approved, there's no need to reapply! Contact us today to see how we can turn your home equity into liquidity.
- Turn your home equity into funds you can use on an ongoing basis
- Only pay interest on the amount you use
- No need to reapply once you're approved
- Fund a variety of personal needs:
- Major purchases
- Unexpected expenses
- Home improvements
- Enjoy competitive rates
- Flexible terms customized to you
- Easy application process
- Decisions made locally
- Personalized service from start to finish
*INTRO RATE: First 6 billing cycles, monthly Periodic Rate is ANNUAL PERCENTAGE RATE (APR) of 1.99% (subject to increase after consummation). Beginning with 7th billing cycle, Periodic Rate and corresponding APR is based upon contracted rate, which is a variable rate based upon Wall Street Journal prime interest rate (3.75% as of 1/24/2017, not to exceed 24.9%). APR based on several factors, including credit history, loan to value, property type, and lien status. First billing cycle may be less than full or complete cycle. No other discounts apply. FEES: $250 origination fee. $50 annual maintenance. Others could be fees such as overlimit fee or late payment fee. REQUIREMENTS: $5,000 initial minimum advance. $5,000 minimum Line. To obtain a Line, you must provide an enforceable first or second lien, security interest in primary residence; also, at time of account opening, ratio of all debt secured by residence (including any Line you obtain from us) to fair market value of that residence cannot exceed 80% for most borrowers. 10-year draw period; then 10-year repayment period. Applicable insurance required. Consult tax adviser about deductibility of interest and other costs. Line subject to credit approval. Intro Rate offer may end without notice. MONTHLY PAYMENTS: During draw period, minimum payment is $25 or amount of accrued finance charges on cycle's last day, whichever is greater. During repayment period, outstanding balances amortized over ten years.