Your home isn’t just one of your biggest assets, it can also be leveraged as one of your best financial tools.
Utilizing the equity in your house with a Home Equity Line of Credit (HELOC) can provide you with a flexible tool to accomplish some of life’s biggest financial goals.
Utilize a HELOC to:
- Home Improvement Projects
- Pay college tuition
- Consolidate debt
- Purchase Appliances
- Take that Family Vacation
- Have funds available for emergencies
A HELOC with First National Bank of Sycamore provides you with a great deal of financial flexibility.
With this line, you can borrow and repay on a revolving basis, which gives you access to the money when you need it. Features of our HELOC program include:
- Funds available anytime for the duration of the 10 year term.
- Revolving credit – as principal is paid down, more becomes available for use.
- 24/7 access to funds via online banking. Transfers also available in person or by check.
- Timely, local loan decisions by our friendly and attentive team!
- $250 account opening fee (one-time closing cost).
- $50 annual account fee starting year 2
- Minimum monthly payment of 1% of balance or $50, whichever is greater
Looking for more information on our HELOC program?
Call us at 419-927-6392 and speak with any of our mortgage loan officers. If you’re ready to start your application, you can do so online through our Mortgage Loan Center
Loan Officers
NMLS #481102
419-927-6693
*Annual Percentage Rate (APR) is effective as of 07/15/2024 and subject to change without notice. The initial discounted rated of 5.99% APR will be in effect for 1 year from date of agreement, after which the APR will be variable based on the WSJ Prime Rate plus margin. Maximum APR of 15%. Rates are subject to change. A $50 annual fee will be charged beginning year 2. HELOC term is 120 months. Property insurance is required ( and flood insurance, if applicable).
Terms and conditions of this offer are subject to change without notice. Consult your tax advisor for tax advice. Subject to credit approval.