Beat Rising HELOC Interest Rates
Lock In A Fixed Rate
Worried about your home equity line of credit (HELOC) payments getting more expensive with rising interest rates? Don’t be—just convert all or part of your balance into a fixed-rate loan4!
Get predictable payments
Choose how much of your balance you want to lock in, select a term (5, 10 or 15 years) and pay it off with even, easy monthly payments.
Avoid interest surges
Whatever amount you lock in will stay at your fixed rate, no matter how much variable rates move.
You can lock in your rate up to five times during your draw period. Plus, as you pay down your balance, your funds become available again through your variable-rate HELOC.
5 Year Fixed Rate Loan1
10 Year Fixed Rate Loan2
15 Year Fixed Rate Loan3
Get Started Today
Explore your options and see how much you can save, our home equity experts are ready to help.
Contact our lending center directly at 800-533-6773, option 1 or schedule an appointment to visit one of our branches.
Schedule an Appointment
How It Works
Here’s an example: say you have a HELOC with a balance of $7,000 and a current variable rate of 5.25% APR. Because of continued rate increases, you want the security of a fixed-rate loan. You can lock all or part of it (minimum of $5,000) into a fixed-rate home equity loan.
You choose to lock $6,000 of that balance into a 5-year fixed-rate home equity loan with a rate of 5.49% APR5. To pay off that balance in exactly 5 years, you’ll pay $115 per month. The interest rate and your payments will stay the same for your entire term.
The $1,000 of your balance that you didn’t convert will still be subject to changes in your variable rate, and so will any other advances you make on your HELOC.