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Home Equity Line Of Credit Printer Friendly Version

A home equity line of credit, also known as a HELOC, is secured by your home and allows you to access the available equity you have in your home. With a HELOC, you can borrow as much or as little as you need, whenever you need it, up to the credit limit established at closing. As you repay your outstanding balance, the amount of available credit is replenished, which means you can borrow against it again, if needed, throughout your draw period. Offer limited to owner occupied residential property for a "first" mortgage, or only as a "second" mortgage if the customer has their first mortgage with Huron Community Bank. Rental property or spec home excluded. 
Compare our rates and then stop into one of our convenient locations and apply today!

Features & Benefits

  • Competitive low rates
  • Quick approval
  • Borrow up to 80% or less of your homes value
  • A minimum threshold of $10,000 per loan
  • Interest only monthly payments
  • Ten year commitment/maturity
  • Requires Automatic payment from HCB checking account
  • Debit card access, with Free debit card (dollar limitations apply),
  • Access through an HCB Checking account, with FREE initial Check order

 Type  Rate/APR  APR Example 
.74% OVER Prime HELOC $10,000 to $49,999Variable 4.99%FLOOR 3.99%
.50% Over Prime HELOC $50,000 to $74,999Variable 4.75%FLOOR 3.99%
.25% Over Prime HELOC $75,000 to $99,999Variable 4.50%FLOOR 3.99%
0.00% Over Prime HELOC $100,000 and HigherVariable 4.25%FLOOR 3.99%
*APR is the Annual Percentage Rate. Rates are accurate as of Sunday, December 17, 2017. 
**APR based on a $20,000 loan with a 10 year commitment/maturity your "Regular Interest Only Payments" will equal the amount of your accrued FINANCE CHARGES of $82.03. You will make 119 of these payments. You will then be required to pay the entire balance owing in a single balloon payment.. If you make only the minimum payments, you may not repay any of the principal balance by the end of this payment stream. A Huron Community Bank checking account is required. Annual Fee $75.00. Early Termination Fee $350.00 may be assessed if your account is terminated within Three years. This loan has a variable rate feature. The annual percentage rate may change. The annual percentage rate will never exceed 25%. Fees to open this account may range from $0.00 - $755.00 these fee ranges depend on wether your property is in a "Trust" or not. Credit is subject to approval. Payments do not include amounts for taxes and insurance premiums. Property insurance is required; flood insurance may be required. Additional restrictions may apply. Contact your local Huron Community Bank for more details. Consult your tax advisor regarding tax deductibility.
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