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Home Equity Line of Credit

Is this option right for you?

Fixed Rate Home Equity Loan

Is this option right for you?

With a home equity line of credit, also known as a HELOC, you have access to a revolving line of credit based on the amount of equity you have in your home. A HELOC works similarly to a credit card, allowing you to borrow against your home's equity whenever needed. With a home equity loan, also known as a second mortgage, you borrow a sum of money that must be repaid over a fixed period of time. Home equity loans typically start accruing interest immediately after the money is dispersed to the borrower.
$10,000 Minimum amount to open Fixed Rates
Annual percentage rates apply Closing Costs Waived1
Closing Costs - Waived1 Fast processing
Appraisal fees may apply Terms up to 20 years2
Finance up to 80% of the home's value Borrow up to $300,0003
Potential tax benefits - Check with your tax advisor Finance up to 80% of appraised valued, less the mortgage balance
  Potential tax benefits - Check with your tax advisor

1 For owner occupied properties only: If line closed within 3 years, closing costs waived will be owed. 2 Payment on a home equity loan at 6.45% APR for 120 months is $11.34 per $1,000 borrowed. APR accurate as of 11/1/2014. Payment does not include taxes and insurance premiums. Actual payment obligation will be greater. APR will be determined by the amount financed, loan term, and your credit history. All loans subject to credit approval and membership eligibility. Rates, terms, and conditions subject to change. Additional conditions apply. 3 Excluding Non-Owner occupied properties.

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