What's an Interest-Only HELOC?
Well... it's a Home Equity Line of Credit where your initial monthly payments only include the accrued interest on the money you borrowed. It's perfect for those who want more time to repay the loan.
- Lines from $25k to $250k1
- 10-year draw with 20-year repayment
- Up to 80% LTV2 on Owner-Occupied
- No prepayment penalty
- Pet friendly
We're waiving all fees on HELOCs – up to $550!3
Basic Elements - Legal Text
Promotional period: 8.1.22 to 9.30.22. 1Rates range from 5.00% to 6.75% APR based on Prime Rate and creditworthiness. APR = Annual Percentage Rate. Prime Rate as of 6.16.22 is 4.75% APR. 2LTV = Loan to Value. 3Borrower agrees to pay any fees over $550, fees range from $500 - $2,000 based on property type and title.