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Home Equity

Line of Credit                                                                       Mortgage Lenders

A home equity line of credit (HELOC) is a fast, affordable and convenient way to take advantage of the equity you have in your home.
 
Benefits
  • Funds are available when needed without having to go through an application process every time you want to borrow money
  • Flexible payment option
  • The interest may be tax deductible (consult your tax advisor)
  • Source of emergency cash
Popular Uses
  • Home improvements
  • Education expense
  • Payoff high interest debt
How do I access my HELOC?
  • By writing a check drawn on the HELOC account
  • Internet Banking transfer
  • Phone transfer
  • Request a draw in person from a teller
Why choose Greenville National Bank for your HELOC?
  • NO ANNUAL FEE (some banks charge an annual fee of $50 or more)
  • Variable interest rate at a low competitive rate
  • Low or no closing costs
Closing cost range from $325.00 to $755.00
Closing cost credit of $150.00
Stop payment fee of $20.00

Over limit charge of $15.00
5.25% APR- 9.00% APR - variable rate that can change monthly based on an index (Wall Street Journal Prime) plus margin of 0 - 3.75 (your rate and margin are  based on credit score and appraisal)
Maximum APR of 21.00%
You must carry property insurance

Home Equity Loan

If you prefer the stability of a fixed rate, our home equity loan option may be right for you. This option provides you with a fixed monthly payment over a fixed term. With this option, you receive all of the loan proceeds in a lump sum at loan closing, which is beneficial if you have one large expense or investment that you need to fund.
  • We offer competitive fixed rates or variable rates for extended financing
  • The interest may be tax deductible (consult your tax advisor)
Closing cost range from $325.00 to$755.00
Closing cost credit of $150.00  
You must carry property insurance

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