Current special - A HELOC at just 1.99 % APR*
…it's time to put your home's best friend to work.
Now is the time to put your home's built-up equity to work for you
- 1.99% APR* fixed until 12/31/2022
- Minimum $10,000 Line of Credit
- Minimum $10,000 initial draw
- 10-year draw period
- Ability to borrow up to 90% of your home's value
- Potential tax benefits**
A Home Equity Line of Credit gives you the financing you need. Your home is a valuable resource and you can tap into the equity easily with a credit line.
With a low rate Home Equity Line of Credit you can finally say YES to:
- Home Renovations
- Family Vacation
- Dream Wedding
- Debt Consolidation
- College Tuition
- And More!
Apply once and you’re good for ten years. Use the funds as needed up to your limit.
Borrow up to 90% of your home’s equity. The amount at which your home is valued less any loans owed on it.
It is a revolving line of credit. Which means you can use it over and over as you pay it down.
A lower rate than credit cards and many retail loans because it is secured against your home. Plus it may offer tax benefits*.
Draw funds only as you need them, whether it’s all upfront or in increments through the years.
Home equity loans and lines of credit are subject to a $150 non-refundable application fee.
Home Equity Line of Credit Application
Loans are valid for properties Pennsylvania and New Jersey only.
Open online, stop into any branch or call (215) 996-3700.
*consult with your tax advisor.
*Rate effective June 1, 2020 through Dec 31, 2022 and may be withdrawn without prior notice. All home equity loans are subject to a $150 application fee. This is a fixed rate until June 30, 2022, thereafter the rate is variable, subject to change quarterly based on the Prime Rate as published in the Wall Street Journal with a floor of 3.99% and a ceiling of 18.00%. Estimated monthly payment per $1,000 borrowed at 1.99% APR is $6.43. Minimum HELOC is $10,000 and a minimum $10,000 initial draw. Line based on a maximum loan to value (LTV) of 90%.
**Consult your tax advisor regarding the tax deductibility of your interest.