Personal Banking

Home Equity Line of Credit

Access funds as you need them using the equity in your home.

  • No annual fee.*
  • Use funds for most any purchase or expense.
  • Reuse funds as you repay your line of credit.
  • Interest may be tax deductible (consult your tax advisor).

Use for: Almost anything! Home improvements, recreational vehicle, vacation, college tuition, debt consolidation, and more.

Loan rates may vary based on amount, term, credit rating, and other variables. Please call, e-mail or visit the Eastwood office nearest you for more information.

* Subject to credit approval. As of July 1, 2011, the Annual Percentage Rate on a home equity line of credit with a loan-to-value less than 80% was 4.50%. Home Equity Line of Credit rates are variable and are based on the Wall Street Journal prime rate plus a margin that is based on your loan-to-value and on your deposit relationship with Eastwood Bank. Current rates vary from 4.50% to 5.00%. Maximum possible APR is 18.00% and minimum APR is 4.50%. An administration fee may apply, and in addition you are responsible for certain fees to third parties, such as appraisers, credit reporting firms and government agencies, which are generally $100-$1000.

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