Unlock the Power of Your Home's Equity to Achieve Your Dreams
With our Home Equity Line of Credit (HELOC) or Home Equity Loan, you can access the funds you need to consolidate debt, renovate your home, further your education, or take the dream vacation you've always wanted.
Home Equity Loan vs. a Home Equity Line of Credit1
A Few Reasons to Consider tapping into your home’s equity:
- Consolidate Debt - Say Goodbye to High Interest Rates and Take Control of Your Finances
- Home Renovation - Make Your Home Your Dream Space
- Education - Invest in Yourself and Unlock Your Potential with Education Funding from Your Home's Equity
- Dream Vacation - Travel More and Stress Less. Create Memories That Will Last a Lifetime
Apply Now and Start Achieving Your Dreams
1 A variable rate equal to NY Prime Rate as published in the Wall Street Journal, 8.25% Annual Percentage Rate (APR) effective 05.04.23. (The maximum APR is 24%). A 10-year draw period with interest-only repayment during draw period (optional). Followed by 20-year repayment period with a minimum monthly payment equal to 0.42% of principal balance plus accrued interest or $100, whichever is greater. Available to primary and secondary residences only. Maximum LTV is 85%. Closing costs: Fees and charges generally associated with a HELOC total between $549.00 - $3,539.00. Shore United Bank will provide a closing cost credit to cover total closing costs up to $2,000.00. If your closing costs exceed $2,000 you will have the option of paying directly or from an initial draw against the line. Any third-party fees paid on your behalf will be required to be reimbursed in the event the loan is paid off and closed within 36 months of the loan date. We are happy to provide an itemized statement of fees upon request. Borrower must maintain insurance on the property securing the credit.