Line of Credit

A Home Equity Line Of Credit provides maximum flexibility and low financing costs. Write your own loan anytime you wish and pay interest only on the amount of your credit line used.

  • These loans have a 15 year draw period
  • At the end of the draw period, the balance can be paid back over 10 years
  • Borrow up to 90% of your home value
  • These loans have an adjustable interest rate
  • Only pay interest on the loan amount you are using
  • Can be a first or second lien (commonly referred to as a first or second mortgage)

Fixed Rate Loan

A Fixed Rate Home Equity Loan allows you to lock in a low fixed interest rate. Loan proceeds will be disbursed in full at closing, and monthly payments will begin shortly thereafter. 

  • Loan terms ranging from 5 to 15 years
  • Borrow up to 90% of your home value
  • The interest rate and payment amount is fixed for the full term of the loan
  • Can be a first or second lien (commonly referred to as a first or second mortgage)
  • First liens may qualify for a 30 year fixed rate

 

*APR (Annual Percentage Rate) – The rate and term may vary depending on your credit score and are subject to change without notice.

*Loan availability and interest rates are subject to underwriting requirements.