HOME EQUITY LINE of credit

Make your house work for you!

There is an untapped power in your home—ready to go to work for you whenever you need some extra cash. It’s a Home Equity Line of Credit—and you can use it for anything! Make home renovations, help pay for your dream vacation, or pay off high interest credit cards and debt. It’s a smart, economical way to borrow because of the low interest rate.

• Low, competitive rates
• Adjustable rate, revolving credit
• 25 year term 10 year draw/15 year repay
• Minimum line of credit amount - $10,000
• No minimum draw
• Low monthly payments
• Low annual fee – waived the first year
• Access your line with conveniently supplied checks

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Home Equity Application Checklist

Below is a helpful checklist of items you’ll need when applying for a home equity line of credit:

• Unexpired government-issued ID
• Most recent pay stubs (2 years of employment)
• Self-employed applicants will need tax returns for the past two years, including all schedules and financial statements
• Residence address for the past two years
• If you have rental income, two years of tax returns
• Name, address and phone of your homeowners insurance agent

Borrow what you need, when you need it

To tap into this convenient source of funds, just use one of the checks you will receive as part of your loan. Funds are available at closing, if needed, and checks will typically arrive within 7-10 days. That’s all it takes to get the money you need for whatever you want.

A Home Equity Line of Credit is an outstanding source of borrowing power. Unlock that power and put your house to work for you!