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Home Equity Line Of Credit

The Smart Way To Borrow

Home Equity Line of Credit

A Home Equity Line of Credit borrows from the equity you have in your home. In most cases, the interest is tax deductible* and the rate will be lower than rates for credit cards or other forms of credit. It works like a credit card with an adjustable rate, term and monthly payments that do not change.

At Family Trust, you typically can borrow 80% of the appraised value, and once approved, it’s generally good for 15 years. An interest-only option with a 10-year advance period is also available for qualified borrowers.

Questions? Call (803) 367-4100, ext. 3014

HELOCs can be a convenient, low-cost solution for:
Consolidating debt
An emergency fund
Starting a home improvement project
Paying for education
Financing your dream home
Starting up your own business

Rates and terms are dependent upon your creditworthiness and collateral and are subject to credit approval and may change at any time without notice. Property insurance is required and flood insurance is required where applicable. Restrictions may apply. Additional fees and closing costs, such as attorney fees, insurance, or appraisal fees, may apply. Contact Family Trust to see which fees would apply to you. Consult a tax advisor to determine if interest on a home equity loan is tax-deductible for your situation. Loan programs, rate, terms, and conditions are subject to change at any time without notice.