Home Equity Lines of Credit
Your Home. Your Vision.
Whether it’s readying your remodel, getting some getaway time or turning your side hustle into a full-time gig, your dreams are on the horizon when you tap into your home’s equity. Choose the loan that’s right for you!
Momentum
With Momentum – Horizon’s home equity line of credit loan (HELOC) – you don’t have to wait for “someday” to achieve all the things you want to do. You can take full advantage of the equity you’ve built in your home and move even faster toward your dreams.
Get in motion today with:
- A low introductory rate1
- Option to fix portions of your loan2
- Optional interest-only payments3
- And more!
Elevate
You’ve put a lot of love into your home. Did you know that your home can give you some of that love back? In today’s housing market, home values continue to climb. With Elevate – one of Horizon’s home equity lines of credit (HELOC) – you can take advantage of the equity you’ve built into your home today!
Rise to meet your dreams and get:
- No closing costs
- No annual fee
- One-time fixed rate option
- And more!
HELOC FAQs
- A revolving line of credit (like a credit card, without the card)
- Access the money in branch, online or in the mobile app as you need it
- The rate is adjustable, but portions of the line of credit can be fixed
- Emergency fund
- Home improvement
- Consolidate bills
- Education
- And more!
- 10 year draw period
- 15 year repayment period
Disclosures:
OAC. Early termination fee may apply. Membership fee, other terms and restrictions may apply.
Variable rate based on the Wall Street Journal prime rate plus a margin and adjusted quarterly. Contact us at 800.852.5316 for additional details.
*$50 annual fee. Minimum loan amount is $10,000. Low closing costs; early termination fee may apply. Membership fee, other terms and restrictions may apply.
*1. Introductory rate valid for 6 months from the date the loan is booked. After the first 6 months a variable rate will apply, based on the Wall Street Journal prime rate plus a margin and adjusted quarterly.
*2. Borrower may elect to convert portions of the home equity line of credit from a variable rate to a fixed rate loan for a transaction fee of $75 per occurrence. The minimum amount required to be converted to fix rate is $5,000. Borrower may lock up to 3 different amounts at any one time.
*3. Borrowers may opt for interest-only payments during the initial draw period (10 years). Monthly payments are typically lower with the interest-only payment option; however your principal balance will remain the same until you make additional payments to the principal. After the draw period, the monthly payment will be calculated to repay your loan within the remaining 15 years and may adjust quarterly based on the prime rate.
**Minimum loan amount is $50,000 in 1st lien position only. No closing costs with the exception of appraisal and title fees, all others waived at origination; early termination fee may apply.
