HYBRID HOME EQUITY LINE OF CREDIT
How it Works
- Use your Hybrid HELOC as you need it, for anything you need
- You can lock all or a portion of your Hybrid HELOC balance into a fixed-rate for a specified period of time during your draw period1
- You can choose to lock in your interest rate up to five times
- Minimum lock amount is $5,000
Hybrid HELOC Benefits
- Keep payments steady by locking in a fixed-rate
- Easy access to the equity in your home
- No pre-payment penalties
- No closing costs2
- Potential tax savings3
- Use for recurring home remodeling, major purchases, tuition costs, and any other use
Hybrid HELOC Example: $60,000 Line of Credit
