Borrow up to 80% of your home's appraised value less outstanding mortgage balance. A Home Equity Line of Credit is perfect for remodeling, debt consolidation, and large expenditures. Use as needed by writing a check and pay interest only on the funds borrowed. Funds become available again once the principal is paid.
*Not all customers will qualify for a 0.00% APR. Annual Percentage Rate (APR) is based on Wall Street Journal Prime. It is a variable rate that is subject to change. The minimum APR is 3.95% with a maximum 18%. Rate listed is for borrowers with good credit history, other programs are available. Minimum new loan of $10,000 or more. Only for single family, owner occupied homes with a maximum loan to value of 80%. Property insurance is required. There is no cost to open a line of credit with a limit under $200,000; borrowers may be subject to a $500 charge if the line is closed within three years.