What is a HELOC?
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Unlock Your Home's Value While Locking in a Great Rate
Are you thinking of a spring or summer remodel or renovation project? OR do you have any large purchases or expenses on the horizon? Consider a HELOC from State Bank & Trust Co.! You'll have peace of mind knowing you can access the funds when you need them.
Our HELOC offers convenient 5-year fixed rate, or 10-year variable rate* draw periods with low processing costs and no prepayment penalty. Simply apply and continue to borrow throughout the term of the loan, as needed. You can advance your HELOC at any time, through online/mobile banking transfers, automatic overdraft balance transfers, or by calling or stopping in the bank. It's that easy!
HELOC Features
- Access funds when you need them
- Revolving line of credit - allows you to borrow and pay down, then borrow again as needed.
- Monthly repayment amount based on outstanding balance
- Credit available up to 90% of your combined loan to value.
- Interest may be tax deductible (Consult your tax advisor)
- Funds may be advanced through online/mobile banking transfers, phone transfers, or in person.
- Automatic Overdraft Balance Transfer is available
- Homeowner's insurance is required
Use Your HELOC for:
- Home Improvements
- Landscaping
- Remodeling
- Education Expenses
- Emergencies
- Vehicle Purchases
- And More!
Apply Today!
Use our easy online application or call or stop in and visit with us today!
Apply Online
Contact Us
Contact one of our Home Equity lenders today:
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Tyler Davis
515-382-2191
loans@banksbt.com
Mortgage Loan Originator Listing
Credit is available up to 90% combined loan to value. Term options are either a 5- year fixed rate, or 10-year variable rate.
*Variable rate is based on the current Prime Rate as the index (as published in the Wall Street Journal) plus a margin. Loans subject to approval. Monthly repayment is based on outstanding balance. Property insurance required. Consult a tax advisor regarding potential deductibility of interest.
Closing costs apply, approximately $100 plus appraisal fee, if required. No application, annual, or non-use fees associated with this product. No prepayment penalty.
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