A Home Equity Line of Credit is a revolving line of credit that works much like a credit card.
It is an open ended line of credit that is secured by the equity in your home.
Online Bankingreal estate investment
Term | 5 Years | |
Introductory Rate | First 12 Months- with Auto-Pay (ACH) | 2.50% |
Introductory Rate | First 12 Months- without Auto-Pay (ACH) | 3.50% |
Rate-Next 4 Years | With Auto-Pay (ACH) | Prime Floating with a 4.00% Floor |
Rate-Next 4 Years | Without Auto-Pay (ACH) | Prime Floating + 1.00%, with a 5.25% Floor |
Closing Costs | Line must be open for 2 years* | $0.00 |
Minimum Line Amount | In order to get the advertised special rates | $10,000 |
Floor | With Auto-Pay (ACH) | 4.00% APR |
Ceiling | With Auto-Pay (ACH) | 20.00% APR |
*Loan Special for a limited time. APR= Annual Percentage Rate. Interest rates and APR are accurate as of 3/17/2020.
**The Line of Credit will have a floor of 4.00% after the first year with monthly payments automatically deducted from a bank account.
*** Offer is subject to change without notice.
Bank anytime and anywhere with Mobile Banking.
Royal Banks of Missouri has the mortgage program designed to meet the needs of your individual financial situation.
Totally free checking that treats you like royalty
