A Citizens Home Equity Line of Credit gives you instant access to funds by using your Equity Line checks or Equity Line debit card while on vacation, at the hardware store, to pay tuition, fund a wedding, purchase a vehicle, or to consolidate higher interest rate debt.
FEATURES
Initial 10 year draw period, followed by a 10 year repayment period.
Interest only payments are required during the draw period with principal and interest payments required during the repayment period.
Maximum Loan-to-Value Ratio 80%.
Interest may be tax deductible (Please consult your tax advisor to determine your tax benefits).
Transfer funds between your Citizens accounts through Online Banking or Telephone Banking.
Equity Access Card - accepted anywhere you see the MasterCard® logo, get cash back on purchases, or use it at any ATM (card provided free).
Line of Credit Checks.
Rate discount with preauthorized payments from a Citizens checking or savings account.
Process payments through Online and Telephone Banking by 6:00 p.m. and receive same-day credit.
