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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.
Through May 31, 2021:
REDUCED CLOSING COSTS*
on Home Equity Lines of Credit
 
*Closing costs waived up to $400. Average closing costs $375 - $500. No Annual Fee. Stop payment fee of $30.00. APR as low as 3.25% - variable rate can change monthly based on an index (Wall Street Journal Prime) plus 2.00 margin (your rate and margin may be different based on credit score and appraisal). Maximum APR of 21.00%. You must carry property insurance. Consult your tax advisor regarding deductibility.
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 $30.00

Over limit charge of $15.00
3.25% APR- 7.00% 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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