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With all the financial options you have these days, few offer as many benefits as a Home Equity Line of Credit from Oxford Bank. The Home Equity Line is a flexible line of credit based on the equity you have in your home. Because your Home Equity Line is based on the value of your home and the amount of equity you have accumulated, opening your line of credit may be the last borrowing you'll ever need to do.
Home Equity Line
- Interest only, no teaser rates
- Up to 75% of appraised value minus first mortgage
- Preliminary approval within 47 hours
- $20 annual fee waived for the first year
- An early closure fee of $400 will apply if the line is closed within the first 9 months
- Interest may be tax deductible, please consult your tax advisor
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