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Home Equity Line of Credit (HELOC)
There are thousands of reasons one could request a Home Equity Line of Credit (HELOC) Whether it is time for a new roof on the house or you are installing a new pool a HELOC is a great way to get the funds you need. In many cases, the interest rate will be substantially less than other types of financing options. In addition the interest that you pay is tax deductible. A HELOC have a fixed or adjustable rate and the closing costs are generally much less than a first or second mortgage. In addition a HELOC generally has a total credit line that can be drawn off of. This allows you the money you need when you need it.
Today is the best time to act with our current
low rates and terms. See the table below and consider how much you
can save with our rate of Prime Minus 1.2% for the first twelve months.
Plus you do not have to pay any closing costs on this line of credit.
Limits of $30,000 and above.*
|
Line of Credit
|
Introductory APR**
|
Standard APR
|
| Less
than $30,000 |
Prime –
1.2% |
Prime +
1% |
| $30,000
- $34,999 |
Prime –
1.1% |
Prime +
1% |
| $35,000
and above |
Prime –
1.1% |
Prime |
|
