Home Equity Line of Credit (HELOC): For Flexible Spending Needs

• Multiple advances during the first five years
• Repaid over 15 years at the end of the 5-year advance period
• Variable rate, indexed to prime, with a floor of 3.5% and a cap of 18%.*
• Maximum LTV: 70% (including any existing liens)
• Easy Online Application!

*The rate resets every six months, and can increase no more than 1% at each reset date

Some good reading on home loans from our friends at the Federal Reserve: 

• Consumer’s Guide to Mortgage Refinancing
• A Consumer’s Guide to Mortgage Settlement Costs
• Putting Your Home on the Loan Line is Risk Business

Home Equity Loans are available for primary residences.