Tap into the value of your home with a PrimeSouth Bank home equity line of credit (HELOC). Access funds as soon as costs arise — and only pay interest on what you spend. Free up credit as you repay the principal. Best of all, you only have to apply once.
Home Equity Lines of Credit
- Competitive rates for ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more!
- The existing equity in your home is used as collateral
- Accommodating repayment terms that work uniquely for you
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, more becomes available for use
- Funds easily available via in-person withdrawal, check, or transfer to a specified PrimeSouth Bank deposit account
- The interest paid might be tax deductible*
- Set up automatic payments to be deducted from your account monthly
- Local decision-making and processing
- Helpful, customized service throughout the entire process
*Consult a tax advisor.