|Home Equity Lines of Credit|
Our Home Equity Credit Lines enable you to advance up to 100% of the equity in your residence. You can use the money for home improvements, vacations, weddings, car purchase, holiday buying, landscaping, a second residence or condominium, and much more. You don't have to use the money just for your home improvement. It is nice to have open and established and ready for your use whenever you choose.
We will bill you monthly with a statement for interest with an index based on the Prime Rate and only on the amount you actually have outstanding, not the actual credit line limit. During the term of your credit line principle may be advanced, repaid and re-advanced at your convenience, utilizing your Home Equity Line of Credit checks. This feature is nice to have so you can utilize your credit line anywhere.
Remember, the interest you pay may be tax deductible, and could result in a tax break. Consult with your tax advisor to analyze your specific situation.
Please contact a Lender for more information on this wonderful product.
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