A house Equity credit line (HELOC) uses your home’s equity as security.
It is possible to access the funds by check, online banking transfer, during the branch, or by providing us a call. Through the draw duration, you will pay down the key stability, making that percentage of your line of credit designed for usage through the staying draw duration. Limited-Time Offer: From October 1, 2019 – March 31, 2020, get right up to 1.375% off your rate of interest with a preliminary draw of $100,000 for the 10-year draw period. 1 ) The greater you borrow at account opening, the higher your discount may be.