Need extra money? Just go ahead and take it.
There's no need to apply for a new loan each time you want to borrow cash. With a Home Equity Line of Credit, one streamlined application gives you access to a pool of money you can tap into as often as you wish over a period of years. Buy something big, go somewhere exciting, do something special - or pay off some debt by consolidating it into a HELOC.
- Credit limit depends on the equity you have in your home (Equity is the current market value minus the remaining balance on your mortgage)
- Variable interest rates that that are generally lower than credit card rates
- Access funds for any purpose with free personalized checks, through Online or Mobile Banking, or at National Bank locations
- Pay interest only on the amount you've actually borrowed
- Some annual interest payments may be tax-deductible. Consult your financial advisor.
- Use your Home Equity Line as No Bounce Protection for your checking account