A Home Equity Line of Credit Loan (HELOC) can eliminate payments on your credit cards, vehicle loans, personal loans, or make home improvements. If you have equity in your residence, you are eligible for the benefits of a HELOC including:
- Finance up to 100% of the appraised value
- Fifteen year loan with a five year draw down feature on the line of credit
- Low payments based on 30 year fixed rate
- Variable rate loan based on the prime rate that adjusts on a monthly basis
- Pay any amount over the payment amount to save on finance charges
- No pre-payment charges or penalties
Our HELOC offers you the ability of borrowing money whenever you need it. A non-refundable $350 application fee covers all the costs associated with this loan: i.e., appraisal, flood certification, credit bureau report, and filing fees. The fee is due when the application is submitted. Call 402.593.2680 and ask for a Home Equity Line of Credit Loan Packet.