HELOC: a standalone Home Equity Line of Credit that is available in a 1st or 2nd lien position. Some product highlights are as follows:
- Online application is fast and easy
- Full draw is taken at closing with no prepayment penalties applied
- Re-draws may be taken in minimum increments of $500, up to the full line amount
- No in-person appraisal
- What loan terms are available? • We offers fixed rate loan terms of 5, 10, 15, and 30 years for standalone HELOCs. The HELOC is fully amortizing throughout the life of the loan, there is no interest-only period.