Home Equity Line of Credit (HELOC): Features & Rates
A Home Equity Line of Credit (HELOC) is similar to a Home Equity Loan, as
the loan amount is determined by the equity you have built in your property.
However, instead of receiving the full amount at once, you are given a credit line
to access. Your available line of credit replenishes as you repay the outstanding balance.
Features
- No origination fees*
- 10-year draw period; repayment period next 15 years
- Interest-only payments for first 10 years; remaining 15-year term is fully amortized
- No prepayment penalty*
- Condos and town homes are eligible*
- In-house loan servicing for the life of your loan
*Some restrictions apply. Click Terms & Conditions link below for details.
Home Equity Line of Credit Rates
Max.
C-L-T-V
|
Max.
Loan
Amount
|
Margin
|
Fully
Indexed
Rate
|
Est.
Pymt.
/$1,000
|
 |
|
80%
|
$250,000
|
0.000%
|
5.000%
|
Interest Only
|
 |
Current Index Value: 5.00%
The rates quoted are effective as of 11/19/2008,
and are subject to change without notice.
Estimated Processing Time: 14-21 days
To speak to a representative regarding a Home Equity Line of Credit, please call our Telephone Service Center at 714/258-4000 or 800/462-8328, Monday through Friday, from 7 a.m. to 7 p.m.
