Click “OK” to continue or “CANCEL” to stay on the Emprise Bank website.
Consider using the equity in your home for debt consolidation, education expenses, or home improvement projects. Whatever your borrowing needs, your home's equity can help you turn your dreams into realities.
A HELOC is a line of credit secured by your home. With a line of credit, you get the flexibility to use how much you need, when you need it. And, as you pay down the balance of your HELOC, you can reuse the available funds in the future. Funds can be drawn from for five years with interest-only payments required. After the five-year draw period, a ten-year repayment period begins where both principal borrowed and interest payments are required.
Our EZ HELOC makes tapping your home's equity even easier! The name says it all: EZ to apply, EZ to close.
Working on a bigger project? Want to consolidate debt and save money? The Standard HELOC is a great option for you.
Choose a home equity loan if you are consolidating debt or making a major purchase. Whatever your financing need, you have peace of mind in knowing your interest rate and monthly payments will be fixed for the life of the loan.
*Origination fee of $99.00 applies to all HELOCs (normally $325.00). Offer does not apply to current Home Equity Line accounts.
1. Rates are subject to change. As of 6/29/18, the variable rate for owner-occupied HELOCs ranges from a low of 6.00% APR to a high of 18.00% APR, with no discounts. The Annual Percentage Rate (APR) is variable and may increase. Variable APR will change with the market based on the Prime Rate as published in the Wall Street Journal. Initial rates are determined based upon the specific characteristics of the transaction including but not limited to applicant’s credit, LTV, and amount requested. Minimum loan amount of $5,000.00. Origination fee of $99.00.
A full appraisal may be required in some instances and will result in an additional appraisal fee. All purchase requests and all loan requests in excess of $250,000.00 will require a full appraisal. Maximum combined LTV is 89% of the lesser of the appraised value or the purchase price, and including any prior mortgages or liens. Funds can be drawn from for 5 years, during which time interest-only payments are required. After the 5 year draw period, a 10 year repayment period is entered, during which time payments of both principal borrowed and interest are required. Property insurance is required.