Home Equity Line of Credit (HELOC)
Resources when you need them through a flexible line of credit. Introductory rates starting as low as 1.99% for 6 months*.
- No application fee
- No appraisal fee
- No closing costs
- Borrow up to 95% of the value of your home
*APR = Annual Percentage Rate. 1.99% rate applies only for new advances, and to loans with 95% or less loan to value, 6 months from the open date for new applicants. Rate after 6 months from the open date (new applicants) will float with Prime, under the terms of our credit line agreement. Promotional Information: Your monthly payment during the promotional period will be calculated on the total loan balance at the fully indexed rate. After an advance, the loan will recalculate out to a 180 month repayment and interest will be calculated on the advanced balance at the promotional rate while interest on the existing balance will be calculated at the fully indexed rate. Application of payments during the promotional period: Payments will be first applied to satisfy the interest due on the loan. The interest will be calculated on the promotional advances at the promotional interest rate. The interest on the regular loan balance will be calculated at the rate as set forth in the original disclosure. All monies affecting the principal balance will be applied 1st to promotional balance and if any additional funds remain (after the full satisfaction of the promotional balance) they will be applied to the remaining principal on the loan balance. At the end of the promotional period, the total loan balance (the promotional advances plus the regular loan balance) will be subject to the prevailing rate as set forth in the original loan documents. Unless otherwise stated all terms and conditions remain as set forth in your original loan documents.