A Home Equity Line of Credit is a mortgage loan, usually in second position, that allows the borrower to obtain cash drawn against the equity of their property, up to a predetermined amount.  This loan provides the customer with the ability to borrow funds at the time and in the amount they choose, up to a maximum credit limit which the Bank has approved. 

These loans are often used for home improvements, major purchases, expenses, or debt consolidation.  Home Equity Lines of Credit are typically used when the borrower doesn't have a use for all of the funds at one given time and would like the flexibility of using a revolving credit line much like a credit card.

For more information on rates, terms, and fees, contact a loan officer at 866.372-1200.

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