2018 HELOC Promo

Get 1.99% APR* for 6 months on Home Equity Lines of Credit (HELOC)**

(Current HELOC APR rate of 5.00%)

And, you don’t have to have your mortgage with us to get one!

Funds can be used for:
• Home improvement
• Paying off high-interest credit cards & debt
• Tuition
• Vacation
• Major purchases


*APR= Annual Percentage Rate. CLTV= Combined Loan to Value
**Home Equity Line of Credit (HELOC) intro rate of 1.99% APR for 6 months (up to 80% CLTV). All HELOC loans offer a 5 year draw period followed by a 10 year repayment period. The minimum monthly payment during the 5 year draw period is 1.25% of the outstanding balance or $100.00, whichever is greater. Minimum draw amount per draw is $500. As an example, an outstanding balance of $10,000 @ 1.25% = $125 payment. After the 5 year draw period the loan balance is payable over a 10 year period. At the current HELOC APR of 5.00% your payments are just $7.91 per $1,000 for 120 months. All rates are quoted on approved credit as Annual Percentage Rates (APRs). Loan approval is subject to credit, income and property valuation. All HELOCs are variable rate loans and rates are subject to change daily and without further notice. The maximum rate ceiling is 18.00%. Loan closing fees and costs range from $1,084.50-$1,967.50. Property insurance will be required. Promotion offered through December, 31, 2018.