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.