Home Equity Line of Credit
A Home Equity Line of Credit Loan (open-end) works like a credit card. You have a line of credit to draw on. When you make your monthly payments, the funds become available again.
Features and Benefits:
- We will issue you a book of Home Equity Loan checks (upon request) and you simply write a check whenever you need an advance.
- Borrow again without submitting another application and paying all the loan fees again
- Payments are based on a 15-year repayment schedule
- Maximum financing is 80% of the appraised value of your home minus the first mortgage balance*
- Minimum Line of Credit is $10,000
*Maximum loan amount up to $50,000
Calculators
Home Equity Loan
Note: You will need the Java
software to view the financial calculators. If you do not have Java enabled, you can download it for free by clicking on the icon.
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