When you are looking for a little more flexibility, or just want the piece of mind of knowing ready capital is available for a rainy day, then a home equity line of credit may be for you. With this type of loan, you are approved for a sum of money and may use as little or as much as you like at any time.
The primary advantage of this type of loan is that you only pay interest on the portion of the loan you have used. However, over the life of the loan you are likely to have a higher maximum rate cap than other types of mortgages.
Our rates are competitive and if this is your initial HELOC, closing costs are paid by the Bank! Use our calculators to see what your payments might be. Please stop in and talk with one of our experienced loan officers.
Equal Housing Lender