Home Equity Line of Credit

174105711 LOC_medFrom bill consolidation to an exotic vacation.

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: $150,000
  • Easy, convenient check access
  • Interest only payments available
  • Monthly billing statements
  • Interest may be tax deductible—consult your tax advisor

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.

You can establish your Home Equity Line of Credit at any Hatboro Federal branch office.
To get started, just download an application.

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RATE EFFECTIVE July 1, 2017

Interest Rate: 4.00% APR*

*Annual Percentage Rate (APR) as of the publication date. Lines from $10,000 to $150,000. 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 BranchWarminster BranchWarrington BranchJamison Branch
215.675.4000215.672.1010215.343.0344215.918.2722
Kimberly KarczewskiSheri SchickCarly C. MoritzCheryl Allen
Branch ManagerBranch ManagerBranch ManagerBranch Manager
kkarczewski@hatborofed.comsschick@hatborofed.comcmoritz@hatborofed.comcallen@hatborofed.com
NMLS# 862730NMLS# 1229576NMLS#818810NMLS#818807