Home Equity Line of Credit

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Reward yourself for your good credit!

No lump sum at close of Escrow! You may use the money for remodeling, college, vacation, investments or money needed over a long period of time.  You have access to your credit amount through checks or credit card.  Your payment is based on the outstanding balance for any month (Not on the entire credit amount!).  The money you pay back can be used over and over again.  You can also use the money for the first 5 years (draw period) and must be paid back during the last 10 years (payback period).

You interest rate is adjustable based on prime +.   During the draw period, you can make a minimum payment of 1% any month.  In the pay back period, the full rate is paid.  This is especially great if you need some cash but plan to pay off the loan in less than 5 years because you will pay less interest during that time!

Apply online to see if you qualify!

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