Equity Lines

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
 
While Home Equity Lines of Credit are often used for home improvements or college costs, another good option is to pay down higher-interest loans and credit card balances.