Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is the best way for you to access up to 90% of the equity in your home to fund any of your financial needs just by writing a check.

A HELOC allows you to borrow up to 90% of the appraised value of your house (less any existing liens). These funds can be repaid then borrowed again throughout the life of the loan. Interest will be paid only on the amount borrowed at any time.

Features

• 10 year term
• Minimum loan amount is $5,000
• Minimum monthly payment is the greater of 1½% of the outstanding principal balance or $25
• Interest only option for 80% LTV loans
• Interest may be tax deductible (consult your tax advisor)

Stop by the branch office nearest you or e-mail us us for more information.

Home Equity | HELOC
Calculators