HELOC and Home Equity Loans

Home Equity Lines of Credit1

 

Do you want to have access to a line of credit at a reasonable interest rate, with interest you may be able to deduct to lower your income taxes2? Consider a Home Equity Line of Credit — you determine when you draw funds and when you pay back principle. You’ll have access to borrow on your line for ten years; after that time, any remaining balance will be payable on a ten-year repayment term. The interest is a variable rate of interest which can change monthly. Required monthly payments during the draw period are interest only; payments for the repayment period are based on full principle and interest. An annual fee is required. This product cannot be combined with a purchase transaction.

 

1HELOC initial payment is interest-only. Line of credit is accessible for ten years followed by a ten-year repayment period. Variable interest rate may increase after consummation. Maximum APR of 18.0%

2Consult your tax advisor. Deductibility of mortgage interest may vary dependent on your individual tax situation and purpose of loan funds.

 

Home Equity Loans

 

With a Home Equity loan, you save time and money vs. traditional mortgage refinancing. You can use the equity in your home for almost any reason and choose from a variety of loan terms. Remodel your home, pay for educational expenses, or even buy a car — the possibilities are endless. Unlike a Home Equity Line of Credit or revolving credit cards, these loans are for a fixed period, with a fixed rate of interest.


All credit products subject to approval.

 

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Today's Rates

Rates as of 12/09/2019

 
Mortgages as Low as

3.729%APR*


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Auto Rates Starting at

3.829%APR*


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Consumer Loans from

8.907%APR*


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Credit Cards as Low as

8.650%APR*


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*All credit products are subject to approval and subject to change without notice. Rates, terms, and amounts based on qualification.