Residence Equity Personal Lines Of Credit

Residence Equity Personal Lines Of Credit

Your home is probable your biggest asset. At Howard Bank, we realize the value of your property equity as being a resource that is financial.

Our home equity option makes it possible to make use of your home’s value to satisfy your goals that are financial. You can expect:

    House equity lines of credit: Like a charge card, a home equity credit line (HELOC) provides credit that is revolving enables you to continually borrow as much as your restriction. As soon as authorized for the credit that is lion company specific, it is possible to access the funds anytime. The credit immediately renews while you make re payments.

We presently offer two choices:

Interest Just

  • No current home loan had a need to apply.
  • Adjustable interest on the basis of the prime rate plus 1.00percent.
  • Borrowing limit as high as 80 % of a 10-year draw period to your loan-to-value ratio.
  • Minimal level of $10,000 and optimum of $1,000,000.
  • 1.00% discount when you have a automated loan payment put up out of the Howard Bank bank checking account.??

Principal & Interest

  • No home that is existing necessary to apply. (more…)