Borrow up to 100% with no closing costs — an affordable way to remodel, consolidate debt, and more.
Have peace of mind knowing you have a financial safety net in place or secure a line of credit for your remodeling project when you’re not sure how much money you’ll need. A Home Equity Line of Credit provides the convenience of ready-access to cash.
Don’t use it…don’t pay for it! The funds are there just in case and you still enjoy these benefits:
- Borrow up to 100% of your equity, with no closing costs*
- Use of funds at variable rates over 15 years, with a 10 year repayment period
- Access your loan via checks
- Interest-only payments during your draw period
- Minimum credit limit of $5,000, maximum limit of $100,000**
- Tax deductible interest***
*An early payoff fee of $250 will be imposed on all home equity loans that are paid off and closed within two years of their origination date. Property insurance is required. Loan to value will be limited to a maximum of 90% for borrowers with credit scores less than 680.
**Credit limit will be determined based on your credit history.
*** Consult a tax advisor regarding the deductibility of interest.