Details.
Home equity options include a Home Equity Line of Credit at 6.250% APR and fixed rate home equity loans from 7.000% for 1 to 5 years, 7.500% for 6 to 10 years, 7.750% for 11 to 15 years, and 8.000% for 16 to 20 years. The HELOC variable APR is based on The Wall Street Journal Prime Rate minus 0.50%, with a maximum APR of 18.00% and a minimum floor rate of 3.50%. Maximum loan amount is $250,000. Homeowners insurance is required, flood insurance may be required, loan-to-value may not exceed 80%, and the loan is not available for homes currently for sale or to be sold within 6 months of closing.