If you need a loan, just write a check.
A Home Equity Loan is different than a Home Equity
Line of Credit.
Both are based on the equity in your home. However, a Home Equity Loan is a lump sum amount you borrow at a fixed rate for a specific number of months or years.
A Home Equity Line of Credit allows you to borrow against your home equity by writing yourself a check only when you need some extra cash. You receive monthly billing statements and you 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.
Get in line now at Hatboro Federal for your line of credit.
Rate as of October 1st, 2014: 3.25% APR*
*Annual Percentage Rate (APR) as of publication date. The interest rate is variable and is equal to the prime rate. Interest is adjusted monthly. The minimum annual percentage rate is 3.00% and the maximum is 21.00%. No fees to open the account. No annual fee if at least one advance of $250 is made annually. During the draw period, a minimum monthly payment of accrued interest is required.