VISA® Platinum Home Equity LOC
Borrow Funds When You Need Them
Use a credit card to draw on your home equity funds when the need arises. Plus your monthly payments will be interest-only for the first five years during draw period.*
Draw Funds as Needed
Use a Credit Card to Draw Funds
Interest Only for First 5 Years
Home Equity Rates
|Home Equity Type||Term||APR***|
|Home Equity Installmentº* |
(up to 90% property value)1
|Up to 15 years||4.620% - 6.795%|
|Home Equity Installmentº*|
(up to 80% property value)1
|Up to 15 years||3.620% - 4.919%|
|Visa Platinum Home Equity Line of Credit+||Up to 20 years||4.50% - 15.00%|
|No Equity Home Improvement Loanoo||Up to 60 months||6.99%|
1. Some housing exceptions may apply.
oPayment example: On a $35,000.00 loan with a 5 year term up to 90% property value at 4.620%APR, monthly payments would be $654.42. Closing costs range from $275.00 to $590.00.
ooMaximum loan amount is $25,000. A minimum credit score of 680 is required to obtain this loan. Offer is subject to normal credit qualifications. Payment Example: On a No Equity Home Improvement Loan with a term of 5 years at 6.99%APR, monthly payments would be $494.91.
*Actual rate based on applicant's payment and credit history. Additional appraisal fee may apply should one be needed.
+Closing costs may range from $0 - $1000.
***APR= Annual Percentage Rate.