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Personal line of credit with variable interest rate secured by
real estate (primary residence only).
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Quick access
to money. |
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No minimum draw. |
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Enables you to monitor rate
changes more closely since the Prime Rate is widely publicized. |
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Variable Rate - rate varies
monthly with the Wall Street Prime Rate. |
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Line can be repaid at your
option with no fees. |
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No need to reapply for each
new borrowing need. |
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Accessible by convenience
checks. |
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May reduce current tax liabilities
if interest paid is tax deductible. (Consult your
tax advisor.) |
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