HOME EQUITY LINES OF CREDIT

Qualified customers can use the equity in their home as power to purchase by opening a EZ Home Equity Line of Credit.  Some of the great features of this type of loan are:

Lines of credit to 80% of appraised value of your home

Interest only payments to qualified borrowers

Annual fee waived for the first year

Draw on the line of credit with a check or a debit card

Interest rates can start at .25% below prime to qualified borrowers

Option convert the outstanding balance to a fixed rate of interest anytime during the first 10 years

The line is open for 10 years, then outstanding the balance is converted to a 10 year amortization loan.  A flat prepayment fee of $250 will be assessed if closed in the first two years.