We all need a little help from our friends!
A low rate. A 24-month lock-in. No need to pack up and leave the house you’re so fond of! With BankCherokee’s HELOC special—a 3.99% APR Home Equity Line of Credit—you can add on, remodel, or switch up things however you’d like. And stay put.
There’s more: Even with interest rates rising, you can lock in this low 3.99% APR for 24 months!
Our Home Equity Line of Credit is a smart way to make major purchases, quickly and efficiently!
*3.99% Introductory Annual Percentage Rate (APR) is available for Home Equity Lines of Credit (HELOC) up to 80% LTV (loan to value). The interest rate will be at 3.99% APR during the 24 month introductory period. Offer is available for applications submitted from July 1st - November 30th, 2018. After the 24 month introductory period, the APR is variable and is based upon an index plus a margin. The APR will vary with the Prime Rate (the index) as published in the Wall Street Journal. As of September 27, 2018, the variable rate for Home Equity Lines of Credit was 5.25% APR, the minimum floor rate. The rate will not vary above 21.75% APR or below 5.00% APR. Minimum loan amount increase on an existing HELOC is $10,000. Closing costs generally range from $350-$1,300. Loans are subject to credit approval and program guidelines. BankCherokee checking account required for automatic payment. Property insurance is required and must be owner occupied. Consult your tax advisor regarding the deductibility of interest paid. Other restrictions may apply.