Choice Home Equity Line of Credit
- Eligible borrowers can access up to 90% of their home's value.
- Line of Credit starts at $25,000.
- Maximum Line of Credit amount is FHFA Max Conforming Limit, currently $726,200.
- No Closing Costs on lines of $50,000 or more.
- Variable rate and payment competitively priced.
- Ability to make future advances for 10 years.
- Repayment term based on 15 years.
- Additional advances in $500 increments.
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|Type||Maximum Term||*APR as low as||Minimum Loan Amount||Additional Advances||Additional Information|
|Choice Home Equity1,2||15 Years||7.50%||$25,0003||$500 minimum||No prepayment penalty. Offered in most states.|
|Easy-Refinance1||15 Years||Call for current rates||$25k||Not Available||Cash-out option available
10 &15 Year Term-$1,500 fixed closing costs
*A.P.R. = Annual Percentage Rate. Not all will qualify for lowest rate.
* Not available in all states. Please contact us to confirm availability in your area. Not all will qualify for the lowest rate.