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Home Equity

Home Equity Loan Special

Now through May 31, 2023, get a special discount toward closing cost fees!*
Home Equity Line of Credit Fixed Rate Second Mortgage
Discount of $375* Discount of $500*
Make an appointment with an experienced GNB Lender today!     


Line of Credit 

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 closing costs
Closing cost range from $325.00 to $814.00
Closing cost credit of $200.00
Stop payment fee of $30.00

Over limit charge of $15.00
7.25% APR- 11.00% APR - variable rate that can change monthly based on an index (Wall Street Journal Prime) plus margin of 0.25 - 3.50 (your rate and margin are based on credit score and appraisal)
Maximum APR of 21.00%
You must carry property insurance

Fixed Rate Second Mortgage

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 can be used for things like debt consolidation, home improvements, schooling, vacations, investments, and more.

  • 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 $664.00 to $1,324.00
You must carry property insurance

Call (937) 548.1114 to speak with a lender today!

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