A Home Equity Line of Credit (HELOC) may be right for homeowners who prefer:

• The flexibility to access available funds now and in the future
• A lower interest rate than many other types of credit
• The ability to select a monthly payment that fits their budget

Example: Gloria and Jay need help financing repairs and improvements in their home. They need a source of funds to pay for ongoing expenses throughout the different phases of each project. With a HELOC from Arcadian Bank they can:

• Access available funds from their line of credit to pay expenses
• Benefit from interest that may be tax deductible
• Select a fixed interest rate of 2 years or 5 years

How It Works:

• Ability to access your line of credit at anytime with an Arcadian Bank debit card, checks, auto sweeps, or transfers through our online and mobile banking
• Access available funds if you pay down the line of credit balance without the need to re-apply
• 10 year loan term

Interest Rates:

• Competitive interest rates
• Interest rates are locked for the first 2 or 5 years depending on which product is selected, thereafter the rate adjusts when the Wall Street Journal Prime Rate adjusts

Making Payments:

• Monthly interest-only payments required
• Make additional payments to pay down your line of credit balance at any time without penalty
• Balloon payment due at the end of 10 year term if no principal payments have been made

Meet Our Lenders

Our Consumer and Mortgage Lenders can help you get started with the product that best fits your needs.

 Brandi Grunzke, Consumer Lender

 Erika Vietze, Consumer Lender

 Susie Miller, Mortgage Lender