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Loans & Credit Cards

Home Equity Line of Credit

Financial Center’s Home Equity Line of Credit (HELOC) is a revolving line of credit that uses the equity in your home as collateral. It works like a credit card credit card, giving you flexibility for purchasing what you need when you need it.

  • Use it for anything... vacation, home improvements, debt consolidation or even school tuition
  • Initial draw period of 10 years with a 15 year repayment term
  • Easy access through our VISA® Gold Home Equity Card  (or checks upon request)
  • Interest may be tax deductible*

*APR=Annual Percentage Rate. Payment example is based on $50,000 loan amount, with a 10 year interest only payment term, at 4% APR. Payment for the 15 year repayment period would be $370. Rates may vary depending on the loan amount borrowed and the equity in your home. APR and minimum monthly payments are subject to change. 4% APR minimum floor rate. Maximum APR cannot exceed 18%. Subject to underwriting guidelines. Property insurance is required. Indiana residents only. Borrower's primary residence only. Consult your tax advisor regarding deductibility of interest. A $50 standard processing fee applies. Must apply by May 31, 2015.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI