THREE SIMPLE STEPS TO HELP YOU GET THERE.
STEP 1: DECIDE IF A HOME EQUITY LINE OF CREDIT IS RIGHT FOR YOU.
Rates effective as of 11:35 A.M. CT, January 2, 2019
Rates subject to change without notice.
MINIMUM LOAN AMOUNT IS $10,000
CREDIT LIMITS UP TO $100,000
MINIMUM DRAW IS $1,000
PAYMENT IS 3% OF THE OUTSTANDING BALANCE
FUNDS AVAILABLE THROUGH ONLINE BANKING TRANSFER OR IN BRANCH
Which home equity option is best for you?
A Home Equity Line of Credit allows you to access the cash in your home as needed. It provides the flexibility to pay off and reuse the available credit and can act as an emergency fund after hurricanes or floods. A traditional Home Equity Loan is a closed-end loan with all funds received up front. It can be repaid over a five to fifteen year period and has a fixed rate and payment amount.
STEP 2: WE'LL HELP YOU GET PREPARED BY MAKING THE PROCESS QUICK AND EASY.
CHECK YOUR CREDIT SCORE
Your credit score is a number between 300 to 850 and it is based upon your spending, payment, and credit history. The higher your credit score is, the easier it can be to get approved for your mortgage. A minimum credit score of 640 is required for a HELOC.
How to get prepared: We recommend you know what your credit score is before applying for your HELOC using the annual free credit report.
KNOW YOUR HOME'S ESTIMATED VALUE
We will use independent appraisers to assess the value of your house which helps us determine how much you are eligible to borrow.
How to get prepared: Click here to get a basic understanding of what your home's value might be before applying for your mortgage refinance.
STEP 3: APPLY FOR YOUR HOME EQUITY LINE OF CREDIT.
Our trusted Mortgage Specialist will guide you every step of the way to help you get there.
* APR = Annual Percentage Rate.
*Rates as low as Prime minus 0.25%; based on credit.