| Home Equity Line Of Credit (HELOC)
With a Belmont Bank & Trust HELOC you can use your home’s equity to make home improvements, pay college tuition, consolidate debt, purchase automobiles or make other major purchases. A HELOC gives you the flexibility of using your funds anytime for anything. Using the “interest only” payment option, you will also have the flexibility of reducing the balance of your loan on your terms. In most cases, interest payments are tax deductible*.
Belmont Bank & Trust offers the following competitive HELOC rates:
As of 06/19/08 the Prime Rate was 5.00%
| Amount |
APR |
| $25,000.00 and Under |
Prime + 0.50% |
| $25,000.01 - $99,999.99 |
Prime |
| $100,000.00 - $249,999.99 |
Prime – 0.50% |
| $250,000.00 and Above |
Prime – 0.75% |
Prime refers the domestic prime rate as published in the Wall Street Journal-Money Rate Section.
Benefits of our Home Equity Line of Credit:
- No Closing Fees
- No Annual Fee
- Competitive Rates
- Check Advances
Resources
Contact
For more information, please contact Dave Dagley at (773) 413-1945 or email DDagley@belmontbanktrust.com.
*Please consult a tax advisor.
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