First Choice Bank Home Equity Line of Credit – Be prepared for the next project or the unexpected, such as: medical bills, emergency repairs, tuition, and more by using the equity in your home. Call Ken Schuman at 630-845-7838 today!

Home Equity Line Rates
as low as
Prime minus 1/4% APR*

No Application Fee No Appraisal Fee No Closing Costs No Initial Draw Required

 

Home Equity Line of Credit FAQ

*APR is Annual Percentage Rate. “Prime” is the Wall Street Journal Prime Rate. “Prime” is a variable rate; as it changes, the APR on your account may change. Maximum variable APR is 21% and a minimum APR of 5%. Prime minus 1/4% APR is available on new line of credit relationships requiring a minimum line of $10,000. Applies to lines secured by owner-occupied, one to four-family residences with a maximum of 80% loan-to-value. No initial draw required. An annual fee of $30 will be due annually beginning in the second year. An early termination fee of $350 will be charged if account closes within 24 months from activation. Property insurance may be required. Subject to credit qualifications. Please consult your tax advisor about the deductibility of interest. Please contact a Personal Banker for additional terms.