Your Home Equity Line of Credit is a revolving line of credit you can use when anticipating larger expenses over a period of time (such as tuition costs). It's also a great way to manage unanticipated expenses and emergencies. You can use all or portions of the total credit limit as you need it, and the only interest you pay is on what you spend.
- Borrow up to 85% loan to value
- Variable rate of interest tied to the Wall Street Journal Prime Rate
- Choose from a variety of payment options, including LockOption (allowing you to lock in a fixed rate on all or a portion of the balance)
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