Home Equity Line of Credit
4.99% APR* introductory rate
Open the door to cash, when you need it. Our Home Equity Line of Credit gives you the flexibility to borrow against the equity in your home. You’ll only pay interest on the amount you use, plus you’ll be borrowing at a lower interest rate than most personal loans or credit cards.
*The Introductory Annual Percentage Rate (APR) is "discounted" meaning it is not based on the Index, which is the Wall Street Journal U.S. Prime Rate, and margin, which is 0.00%, used for later rate adjustments. This Introductory APR will be in effect for the first 6 months. During this “discounted” period, the APR is 4.99% and the Daily Periodic Rate is 0.01367%. For comparative purposes, currently, the non-discounted Index and margin APR is 8.00% and the Daily Periodic Rate is 0.02192%. After the first 6 months, the APR will be variable and can change daily. There is no limit on the amount by which the APR can change during any one year. However, under no circumstances will the APR exceed 18.00% per annum or, except for the “discounted” period, go below 4.00% per annum at any time. Additional Finance Charges, not calculated by applying a Daily Periodic Rate, would include a one-time lender-paid life-of-loan flood certification fee of $6.00. A non-refundable fee of $75.00 will be charged annually. If the Line of Credit is closed within two years of the agreement date, any lender-paid closing cost must be reimbursed to the lender.