How often can the interest rate change on a Home Equity Line of Credit?
We love being able to provide you with low-interest rates! After the introductory period ends, the interest rate on our Home Equity Line of Credit is based on the Prime Rate plus or minus a margin which is established when the account is opened. This rate is subject to change on a monthly basis. If you are worried about rising interest rates, you can always 'lock-in' the interest rate on a portion or all of your Home Equity Line of Credit!
Contact us and we'll walk you through the simple process!