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A smart choice for homeowners, our Home Equity Line of Credit is a way to borrow against the equity you have in your home. It's a secured, preapproved line of credit you can use over and over again for any purpose, such as paying for a college education, consolidating bills or purchasing a new car. Use your Home Equity Line of Credit any time you need it, up to your approved credit limit.
Advantages:
- The interest you pay may be deductible on itemized returns1.
- Processing your loan usually takes only two to three weeks.
- Competitive interest rates are subject to change on the first day of each quarter.
- Low closing costs.
- Through Call 24 or Founders Online, transfer money from your Home Equity Line of Credit into your Checking or Savings Account, or call a loan officer to request an advance.
- Free Equity Line checks.
- Flexible payment options, based on outstanding balance with no prepayment penalties. You can make payments through payroll deduction, in person, through Call 24, Founders Online or by mail.
- Saves money by protecting your Checking Account from overdrafts.
1 Consult your tax advisor regarding tax deductibility. Rates, terms and conditions are subject to change and are based on an evaluation of credit history.
Terms & Conditions
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