Home Equity Line of Credit
Always Below Prime.

Member Benefits

• Lower rates than most credit cards and usually with a much higher credit limit.
• You have the option each month for the first 10 years to pay interest only, or both interest and principal.
• Substantial tax benefits may apply
• Convenience of having the funds available whenever you need them.

Requirements

• All rates are variable and will adjust monthly, according to the Prime Rate as reported in the Wall Street Journal.
• Appraisal fee may be required.
• Minimum line of credit is $5,000
• The first advance has a minimum of $5,000.00; subsequent advances can be made for as little as $1,000.00.

Credit Lines less than 90% LTV*:

• Maximum line of credit is $500,000.

Credit Lines over 90% LTV*:

• If funds are used solely for home or property improvement:
  • Maximum line of credit: $25,000.
• If funds are used for purposes other than home or property improvement:
  • Maximum line of credit: $100,000.
  • 4 years of home ownership
  • 4 years employment in same occupation.
• Appraisal required for loan amounts over $50,000.

*Loan to Value Ratio: Total loan amount divided by the value of the property.

or call Any Hour Loan at 1-800-837-3059