Home Equity Line of Credit (HELOC)
HELOC minimum monthly payment will be based on the outstanding balance.
For a HELOC up to 80% LTV / CLTV, maximum loan amount is $350,000, variable rate is based on Prime rate minus 0.50%
For a HELOC 80.01 – 100% LTV / CLTV, maximum loan Amount is $250,000, variable rate is based on Prime rate plus 1.00%
APR can change each quarter. The maximum APR is 18%
Current Prime rate : 3.25%