Home Equity Line of Credit
Citizens Bank's Home Equity Line of credit is a revolving, variable rate line of credit based on the available equity in your home. Because it is a line of credit you can get the money you need when you want it.
Home equity lines of credit are ideal for:
- Home improvements.
- Educational and medical expenses.
- Life events such as a new baby or wedding.
- Small business expenses.
Interest Rates: Interest rates are tied to the prime rate. You only pay interest on the portion of the line you use. Interest may be tax deductible.
*APR (Annual Percentage Rate) Subject to credit approval. The APR can vary quarterly and is equal to the quoted Wall Street Prime Rate. Property must be 1-4 Family owner occupied. Property insurance is required. 80% Loan-To-Value, (70% Condos). Maximum APR 19%.
If you need more information call us at 270-465-8193