| Using the value of your home, you can secure a line of credit of credit at Allegiance Community Bank. Depending on your credit line and borrowing needs, you may never have to fill out another loan application. Once approved, you are in complete control of your borrowing future. Whether you need money for home improvements, college tuition, a new automobile or a well deserved vacation, cash is at your immediate disposal whenever you want it – quickly, easily and conveniently.
With just a stroke of a pen, a Home Equity Line of Credit gives you unsurpassed borrowing convenience. Special Personalized drafts enable you to write yourself a loan – just like you would write a check – for the entire amount of your credit line or for as little as $500. Any unused portion of your credit line remains immediately available for future opportunities.
- Borrow from $10,000 to $500,000
- Minimum Advance $500
- 10 Year Term
- Variable Interest Rate
- Variable payments based on outstanding principal
- Only pay interest on your outstanding balance.
- Interest payments may be tax deductible. Consult your tax advisor.
- NJ Properties Only
- Early Termination of Home Equity Lines during the first 2 years will result in a $300 Early Termination Fee.
- Offer of credit subject to credit approval
For more information or for current rates, contact us at 973-761-5553.
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