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Home Equity Loans and HELOC
Home > Borrow > Real Estate Loans > Home Equity Loans and HELOC

Unlock the value you've built in your home

A Home Equity Loan and a Line of Credit (HELOC) are second mortgages that can help you borrow against your home's equity for almost any reason including home improvements, tuition, a new car or boat or personal investments. Please check with your tax advisor for qualifications. 

Home Equity Loan

Ideal for a large, one-time purchase or project. Fixed rate with a consistent monthly payment.

  • Terms from 5-15 years
  • Borrow up to 90% of your home's value

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Home Equity Line of Credit

You can decide when and how much to borrow by writing a check against the loan. 

  • Low 3-year introductory rate
  • Borrow up to 80% of your home's value

APPLY NOW

 

Home Equity Line of Credit
Premier Plan*Preferred Plan*
2.49% APR
Variable Rate Plan:
3.49% APR
Variable Rate Plan:
Initial rate is discounted for the first 36 months, thereafter prime rate
plus 0% for the life of the loan
Initial rate is discounted for the first 36 months, thereafter prime rate plus 1.00% for the life of the loan
Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor of 4.00%, except for the introductory rate offered Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor rate of 5.00%, except for the introductory rate offered

*Current Prime Rate as of March 27, 2018 is 4.75%.

20 Year Repayment Period | 10 Year Draw Period

Minimum Line of Credit Amount: $10,000 | Maximum Line of Credit Amount: $250,000
Individual credit qualifications will determine your plan and rate.
Index is the Prime Rate as published in the Wall Street Journal 30 days prior to the anniversary date.

Home Equity Loan Rates
Effective Date: February 7, 2018
TermAPR* (Fixed Rates as low as)Monthly Payment per $1000
1st LIEN-HOLDER POSITION
5 Year (60 month) 3.50% $18.20
10 Year (120 month) 3.74% $10.01
15 Year (180 month) 4.25% $7.53
2nd LIEN-HOLDER POSITION
5 Year (60 month) 3.74% $18.31
10 Year (120 month) 5.00% $10.61
15 Year (180 month) 5.74% $8.31
Minimum Loan Amount: $10,000 | Maximum Loan Amount: $250,000
Maximum Loan to Value (LTV) up to 80%

 

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“I had the good fortune of refinancing my mortgage with TCT. Their staff was professional, knowledgeable, courteous, and personable through the entire process.”

— William G.

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