Tap Into Your Equity
Tap into the equity you have in your home with a Home Equity Line of Credit. It’s ideal for the home improvement projects you’ve always wanted to do, college tuition, or even debt consolidation.
- Borrow up to 80% of the value, less the 1st Mortgage Balance
- Draw period of 7 years
- Repayment period of 15 years
- Maximum credit line up to $300,000
- Owner Occupied properties
- New Home equity Line of Credit (HELOC) loan
- Funds available when you need it
- Interest calculated only on balance owed
- May be tax deductible (please contact your tax advisor for more details)
- Easy repayment methods (payroll deduction, automated phone banking, and coupon payment book)
- Loan is eligible for End of Watch Loan Protection coverage
