Home Equity Line of Credit (HELOC)
Make sure you're prepared for anything—your home can help you secure a line of credit so you can access funds as you need them. Then, when an unexpected expense arises, you're financially prepared to handle it immediately. You can access funds via check or with your free Visa® Access Card rather than having to run in and apply for a loan. There is no maintenance fee, and unlike a traditional loan, you only pay interest on what you use. Put the power of your home to work for you today!
- Summary
- Borrow up to 100% of home's value
- Low variable rates
- No closing, appraisal, credit report, or origination fees
- 10-year draw period
- Only pay interest on what you use
- Access funds easily by check or with your free Visa®; Access Card
- Interest may be tax deductible*
- Pay it off and use it again
- No need to re-apply
- Free personalized checks
- Free 24-hour online banking
- Free voice and mobile phone banking
- Monthly payment is 1.0% of the loan balance (min $50 dollars)
*Consult your tax advisor.
