|
Our Home Equity
Line of Credit lets you use the equity in your home to make
improvements, consolidate debt, pay college tuition, buy a new car,
etc.
Advances on the
Line of Credit are made by simply writing a check for your
purchases.
|
Payment
/ Repayment Terms |
1.5% of
outstanding balance or $100 whichever is greater |
|
Collateral |
Real
Estate Mortgage on Residence |
|
Maximum
Credit Line Amount |
Up to
90% of Appraised Value ( Includes first mortgage ) |
|
Term of
the Home Equity Line |
15 years |
|
Interest
Rate Options |
Adjustable |
|
Loan Processing |
None |
|
Late Payment |
$5.00 |
|
Check reorder |
$12.00 |
|
Other Information:
Must use checks to
activate line of Credit |
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Contact us today for more information.