A property Equity personal credit line (HELOC) uses your home’s equity as security.
You have access to the funds by check, online banking transfer, in the branch, or giving us a call. Throughout the draw period, you will pay down the principal balance, making that part of your personal line of credit readily available for usage throughout the remaining draw period. Limited-Time Offer: From October 1, 2019 – March 31, 2020, get right up to 1.375% off an initial draw to your interest rate of $100,000 for the 10-year draw period. 1 ) The greater amount of you borrow at account opening, the higher your discount are.