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Lines of Credit

Whether you want cash to cover expenses, or just want the security of knowing that you have access to funds should the need occur, a home equity line of credit (HELOC) is a revolving loan that allows you to tap into the value of your home whenever you need it.

The process of obtaining the line of credit is similar to obtaining a mortgage or home equity loan, although settlement costs are usually lower for a HELOC. Once the line of credit has been opened, you can borrow what you need, up to a predetermined maximum, by check or credit card. As you repay the loan, the funds are restored. The line of credit stays open for a predetermined period—usually a minimum of 10 years.

Interest rates on a HELOC are usually adjustable, and tied to the prime rate. Some offer guaranteed introductory rates for a short period of time, and some are convertible to fixed-rate loans when you draw on them. Unlike standard Adjustable Rate Mortgages, HELOCs have no adjustment caps.

We can tell you more about our home equity lines of credit.


What Our Customers Say

Mike it was a joy to see you again today. You and your staff make what can be a complicated process easy. And as I mentioned to you, we did not consider another competitor as our family has always been more than satisfied with your service and overall responsiveness. It’s so nice to experience the high level of customer service that you have continued to maintain over the years. With every good wish!

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