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NB Home Equity Line of Credit (HELOC)
NB Home Equity Line of Credit (HELOC) is another way to enable you to access the equity in your home, quickly and easily.
This is a revolving line of credit that allows you to draw funds simply by writing a check, up to your approved credit limit, anytime you want, for whatever you need.
Each NB Home Equity Line of Credit features:
- A flexible way of accessing your home's equity.
- A fixed line of credit.
- Loan interest may be tax-deductible.
All backed by our Residential Loan expertise and service.
Schedule a Call with one of our Residential Lenders or click the button below to set up your NB HELOC today!
HOME EQUITY LINE OF CREDIT
Rate (%) 3.250% APR (%) 3.250%
Please contact your Loan Officer for specific terms and conditions.
Wall Street Journal prime rate, floating on a monthly basis for the life of the line of credit. (Published Wall Street Journal prime rate as of 11/30/2014 - 3.25%) The Annual Percentage Rate (APR) will never be lower than your initial rate.
*Line of credit based on wall street journal prime rate, no annual fees, rate valid for new home equity lines only on primary residence. Closing costs range from $500.00-$900.00. Bank will credit $500.00 toward closing costs for a primary residence only. Early termination fee ($500.00) applies if line of credit is paid off within 24 months. Line of credit floor rate of 3.25% (Life of line of credit). Line of credit terms include a 10 year draw period followed by a 10 year repayment period. LINE OF CREDIT AMOUNTS: Minimum of $25,000.00 to Maximum of $500,000.00 property insurance required. Maximum APR of 18%.
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