Home Equity Line of Credit
For individuals who want an adjustable rate loan with a convenient, affordable line of credit.
- Adjustable rate indexed to Prime or fixed rate term
- Up to 80% loan to value
- $10,000 minimum line amount
- Convenient check access
- No application fee
- Low annual fee
- Interest may be tax deductible*
Funds can be used to:
- Refinance an existing line of credit
- Finance home improvements
- Payoff high rate credit cards
- Take a dream vacation
- Send your children to college
- Buy a new car
Annual Percentage Rate (APR) may vary and is indexed to the Prime Rate as published in the money rates section of the Wall Street Journal. For lines of credit less than $100,000, APR is Prime. For lines of credit between $100,000.00 to $249,999.99, APR is Prime - 0.50%. For lines of credit $250,000 and over, APR is Prlme - 1%. Zero closing costs. The annual fee is $50, The maximum APR is 18%.
*Consult a Tax Advisor for interest deductibility.
