Home Equity Line of Credit (HELOC)

Would you like to harness the equity in your home to provide funds for your next major purchase or credit consolidation?

We may have the perfect loan for you.

A home equity line of credit is similar to a second mortgage in that it records behind your current 1st mortgage and remains in second position. The major difference is that the equity line is an adjustable rate mortgage that adjusts with prime rate plus a small margin. You only pay interest on the amount of funds outstanding on any given month. This is in contrast to a second mortgage where you receive the entire amount of funds at close of escrow. Interest on either loan is generally tax deductible as it is interest paid against your home (see your tax advisor).

Our Home Equity Loans are as follows:

No closing cost plus .25% above Prime Rate for those who qualify. Loan amounts to $250,000.
Pay closing and get prime plus Zero for those who qualify.
3.90% Home Equity Loan:
Our line of credit is one that will get you in the right direction. 3.90% to start the new year. Depending on your credit score to determine the length of fixed special, this loan offers you the ability to lock it in as a fixed rate loan after 6 months of good payments. What that means to you today is 3.90% then convert it to a fixed loan of Prime rate plus 2%. Now at 7% fixed in today's market is a great deal on a 2nd mortgage. And it gets even better! The remaining balance that was not used after your fixed rate option is still available to you at market price of prime plus 3%. Giving you all the options you have been looking for. Please apply online today for a loan specialist to contact you and go over this amazing new loan program.