Home Equity Lines of Credit

We offer home equity lines of credit secured by both owner occupied and investor residential real estate.  A home equity line of credit offers the ability to borrow, repay, and then borrow again – all as best fits your cash flow.  Our customers have found home equity lines of credit to have a wide variety of uses, including paying for home improvements; consolidating debt; auto, boat, or recreational vehicle financing; education financing; and furnishing a ready reserve of available liquidity for unexpected situations.
 
Our home equity lines of credit are floating rate, based upon the Wall Street Journal Prime Rate.  All of our home equity lines of credit have relatively low minimum monthly payments, with all principal due at maturity ten years from origination.  Lines of credit up to 75.0% loan to value are available for qualifying owner occupied residential properties.  Investor residential properties are eligible for home equity lines of credit up to 75.0% loan to value.
 
Our home equity lines of credit may be accessed via check or in-branch.  We offer interest rate discounts for automated loan payments.  We also have a low-cost program available for home equity lines of credit of up to $250,000 secured by owner occupied residential real estate.
 
Please call or stop by our branch to explore whether a home equity line of credit from American Principle Bank may provide you the financial flexibility and peace of mind you’ve been looking for.