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Home Equity Line of Credit

At TCB we want you to know about every financial tool that can help you fulfill goals and dreams and increase your security. Used wisely, a Home Equity Line of Credit (HELOC) can do both.

Visit your local branch to learn more or apply for your Home Equity Line of credit.
A HELOC works a lot like a credit card, but often with lower interest rates. You are approved to borrow up to a certain amount, but you only pay interest on what you actually borrow. The interest you pay on your HELOC may even be tax deductible.
Your home equity line of credit can be used to pay for home improvements or repairs, a vacation or an education, or it can give you access to cash in the event of a job loss, unexpected medical bills or other emergency.
click here to apply online
*The Annual Percentage Rate as of September 1, 2015 was 3.00%. The Annual Percentage Rate (APR) may vary monthly and will be based on the Prime Rate as listed in the Wall Street Journal minus .25% for the life of the loan. The maximum lifetime APR is 18%. Offer available for 1-4 family owner-occupied properties and vacation homes only. The combined loan to value (CLTV) ratio of 80% or less as determined by an appraisal acceptable to the Lender. Property insurance required. Flood Insurance may be required. If you pay off or close the line of credit anytime within the first 24 months of the closing date, a $350.00 cancellation fee will be charged. Annual fee of $50.00 will be assessed on the anniversary date of the loan closing for the term of the draw period. Minimum line $10,000.00 and Maximum line $350,000.00. Term is based on a 10-Year Draw and 10-Year Repayment. A trust review of $175.00 applies to property held in trust. Lenderís Title Insurance will be required to be obtained for lines of credit $250,000.00 or higher or lines in which the line of credit is first position. Subject to credit approval. Other fees, terms and conditions may apply Consult a tax advisor for information regarding the deductibility of interest and charges. NMLS # 453976.