A Home Equity Line of Credit (HELOC) is a great way to use the equity in your home to get the money you need for home remodeling projects or even for taking the trip of a lifetime, paying for a dream wedding or consolidating bills. With rates this low, now is the time to stop putting things off and start enjoying life.
A HELOC is an open-ended, revolving loan product that lets you withdraw funds from your available line, like a checking account (as opposed to taking a one-time, lump-sum loan). During the draw period your loan is replenished every time you make a payment (like a credit card balance).
Your 1st Advantage HELOC offers:
- No Prepayment Penalty
- Debt protection and cancellation up to $100,000
- Funds may be used for any purpose, such as debt consolidation, home improvements, payment of college tuition, purchase of an automobile and for home purchases
- Minimum credit line is $2,500; Maximum is $200,000
- Rates as low as prime plus 1.25% up to 80% total loan to value*
- Payments may be made via Advantagenet, CAT, ATM, Direct Deposit, Payroll Deduction, by mail or in person at any branch or service center
- Interest may be tax deductible "consult with your tax advisor"
- Primary residence only
Click here for all rates and terms.
Click Here for Truth in Lending Disclosures
New Lower RatesOur mortgage rates have dropped again! Our Fixed Rate Second Mortgage and Home Equity Line of Credit rates have dropped to record lows. |
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Home Equity - Amortization Schedule - Mortgage Loan - Mortgage Refinance
* Credit restrictions apply. Rates subject to change without notice and are not guaranteed. 2% cap per adjustment, 5% lifetime cap. 2.75% margin, 3 year CMT index. Other rate and point options and higher loan to values may be available. Loan Example: $30,000.00, 3.25% (3.256% APR); 240 monthly payment of approximately $171.00 each.
