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Home Equity Lines & Loans
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Featured Rates**
4
.
4
9
% APR*
Variable Rate Line of Credit4
| Fixed Rate |
|---|
| 5-yr Fixed1 |
3.99% APR* |
| 10-yr Fixed2 |
4.49% APR* |
| 15-yr Fixed3 |
6.49% APR* |
| Variable Rate |
|---|
| Line of Credit4 |
4.49% APR* |
| Line of Credit Fixed Segments† |
| 5-yr Fixed1 |
3.99% APR* |
| 10-yr Fixed2 |
4.49% APR* |
| 15-yr Fixed3 |
6.49% APR* |
More Rates - Custom Rate Quote
Make Your Equity Work for You
- Affordable & Flexible
- No Closing Costs
- No Annual Fee
- No Early Pay-off Fee
- And More
Plus, lock your balance into a fixed-rate, fixed-term loan.
†
Use the equity in your home to secure a competitive-rate loan to pay for anything you need: remodel your house, consolidate debt or take a dream vacation — whatever you have in mind. We have many options to make payments more affordable. Plus, enjoy the convenience of locking in all or part of the balance on your line of credit into a fixed rate, fixed term loan.† Have access to five rate locks for the 15-year term of your line.
Additional Benefits
- Affordable—Rate is typically lower.
- Flexible—Choose a fixed rate term up to 15 years or a line of credit to use again and again.
- Get more—Borrow up to 100% of your home's equity.
- Save—Interest is usually tax deductible (see tax advisor).
*APR is annual percentage rate. Rates are subject to change.
**Featured Rate Assumptions
The minimum loan amount is $5,000. Rates shown are for up to 80% loan-to-value. (Use the Custom Rate Quote Calculator to determine your home's loan-to-value ratio.)
Closing costs are waived, except the appraisal cost or title insurance if required. Appraisal costs range from $300 to $600 depending on the loan amount. Property insurance is required.
| 1 | 5 year fixed—60 monthly payments of $18.41 per $1,000 borrowed. |
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| 2 | 10 year fixed—120 monthly payments of $10.36 per $1,000 borrowed. |
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| 3 | 15 year fixed—180 monthly payments of $8.71 per $1,000 borrowed. |
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| 4 | Line of credit—During the 15-year draw period, the minimum monthly payment for HELOC 80% and HELOC 90% will be the greater of (a) $50 or (b) the accrued interest on the outstanding balance under the agreement as of the close of the billing cycle. The minimum monthly payment for HELOC 100% will be (a) $100 or (b) 1.5% of the outstanding balance, whichever is greater. However, if you exceed the maximum principal loan balance allowed under your agreement, you will also be required to pay an amount sufficient to reduce your principal loan balance to the maximum principal loan balance allowed under the agreement. Balances of less than $100.00 must be paid in full. Late payment fee: $10 or 5% of the unpaid amount due, whichever is less. Rate indexed to prime. APR is subject to change monthly but cannot exceed 18%. The rate will never fall below 4.49% for HELOC 80%, 4.99% for HELOC 90%, or 7.99% for HELOC 100%. No annual fees. After the end of the draw period, the remaining balance will be amortized over 15 years. Your payment will be adjusted each time the interest rate increases or decreases to repay the balance within the number of months remaining in the repayment period. |
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| † | You may exercise up to a total of 5 options during the draw period of your loan. Each option must be exercised for an advance/balance of at least $5,000. The first option fee is waived. A $25 fee applies for each time you exercise the option thereafter. |
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