Home Equity Line of Credit
When cash gets tight, relax.
You apply one time and, once approved, you can write checks whenever you want—for whatever you want—up to your approved credit limit. You receive a monthly billing statement and can pay off your loan as fast as you want.
A Home Equity Line of Credit is perfect for those smaller emergencies that pop up now and then. So, cover expected and unexpected financial emergencies, renovate the kitchen, eliminate high interest credit card debt, pay medical expenses…you can use the money for just about anything.
Benefits:
- Minimum loan amount: $10,000
- Maximum loan amount: $200,000
- Easy, convenient check access
- Interest only payments available
- Monthly billing statements
The Interest Rate is the prime rate less 0.25% as published by the Wall Street Journal on the last business day of the month.
RATE EFFECTIVE: April 18, 2024
Interest Rate: 8.25% APR*
*Annual Percentage Rate (APR) as of the publication date. Lines from $10,000 to $200,000. Interest rate is variable and is equal to the prime rate minus 0.25% as published in the Wall Street Journal on the last business day of the month. Interest is adjusted monthly. The minimum annual percentage rate is 3.00% and the maximum is 21.00%. No fees to open the account. Maximum CLTV 80%. An annual non-use fee may be charged if the account becomes inactive. The initial draw period is fifteen years. During the draw period, a minimum monthly payment of accrued interest is required. Once the repayment period begins, the outstanding balance shall be repaid in monthly payments of principal and interest over fifteen years. Consult your tax advisor regarding deductibility of interest. Other conditions may apply. Subject to credit approval, income verification and collateral evaluation. Offer subject to change without notice.
For additional information, please contact your local branch manager today.
| Hatboro Branch | Warminster Branch | Warrington Branch | Jamison Branch |
|---|---|---|---|
| 215.675.4000 | 215.672.1010 | 215.343.0344 | 215.918.2722 |
| Kimberly Karczewski | Sheri Schick | Carly C. Moritz | Maryellen Rosanova |
| Branch Manager | Branch Manager | Branch Manager | Branch Manager |
| kkarczewski@hatborofed.com | sschick@hatborofed.com | cmoritz@hatborofed.com | mrosanova@hatborofed.com |
| NMLS# 862730 | NMLS# 1229576 | NMLS#818810 | NMLS#838807 |
