Home Equity Loan and Line of Credit Options
Smart solution for covering life's many expenses.
Whether you choose a home equity loan or line of credit may depend on one of the following factors:
- A home equity line of credit allows you to get the money you need when you need it. Use this revolving line of credit based on the available equity in your home.
- With a home equity loan, you receive your money all at once and then pay it back in stable, fixed monthly payments.
Prime Advantage Credit Line1
- Prime - 1% for the first year. Then Prime + 0% for the life of the line.
- No closing costs, for first time applicants
- Borrow up to 80% loan to value ratio**
- 10-year draw and 15-year payback**
- Quick credit decisions
- Interest payments may be tax deductible (Please consult your tax advisor.)
RealSmart Fixed Rate Loan2
- Competitive, fixed rate
- No closing costs, for first time applicants
- Borrow up to 90% loan to value ratio**
- $10,000 minimum/$100,000 maximum
- Up to a 15-year term**
- Quick credit decisions
- Interest payments may be tax deductible (Please consult your tax advisor.)
Equity Plus Variable Rate Loan3
- Competitive, adjustable rate
- 15-year term**
- One time distribution
- Borrow up to 90% loan to value ratio**
- Interest payments may be tax deductible (Please consult your tax advisor.)
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