Home Equity Line of Credit (HELOC)
Your home’s equity has plenty to offer.
Get the cash you need by tapping into your home’s equity. A Kinecta Home Equity Line of Credit gives you the flexibility to access your money on your terms:
- Variable interest rate
- Only pay interest on the amount you use
- Borrow up to $500,000
- There are no fees up to $250K
- $250K - $500K will require a full appraisal paid by the member
- Access funds whenever you need them
- Draw funds for up to 10 years
- Up to 20-year repayment period
- Interest may be tax deductible*
Want to learn more?
Contact our mortgage team today!
800.854.4501, Option 1
* Check with your tax advisor.
APR=Annual Percentage Rate effective January 15, 2019, and may change based on market conditions and borrower eligibility. Variable APR equal to The Wall Street Journal Prime Rate currently 5.50% and a maximum APR of 18.00%. Your APR may be higher based on the prevailing variable-rate index value, your credit qualifications, the amount of your credit line, combined loan-to-value, and/or property type. Minimum credit line is $20,000. Maximum credit line is $500,000. 10-year draw period followed by a 20-year repayment period. Homeowner’s property insurance is required. Flood insurance may be required. Credit line together with any other mortgage(s) cannot exceed 85% of the property value on 1-unit owner-occupied properties. Non-owner occupied properties are not eligible. Line of credit requests over $250,000 require appraisal. Applicable appraisal fees may vary and range between $450-$650. Consult your tax advisor regarding deductibility of interest and charges. Terms and conditions are subject to change without notice. All loans are subject to credit approval. Membership requirements apply.