Home Equity Lines of Credit
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Home Equity Lines of Credit

An equity line can provide money when you need it.

Your home is more than just a place you live—it can provide you with equity that can be used to get a line of credit to use as you need it. Spend it all at once or a little bit at a time. It's easy to access funds and you only pay interest on what you spend. When it comes to maximum flexibility, a home equity line of credit can't be beat.

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Summary
  • Lines of credit starting at $5,000
  • 15-year credit terms
  • Interest-only payments available for qualified borrowers
  • Equity Line checks
  • Variable rate subject to monthly change
  • May be available for overdraft protection on checking accounts
  • Credit advances in $100 increments
  • Minimum monthly payment equals 1.5% of the outstanding principal loan balance
  • Subject to application and approval

Interest may be tax-deductible, subject to IRS regulations. Please consult your CPA or tax advisor for details.

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