Line of Credit 
 
A home equity line of credit (HELOC) is a fast, affordable and convenient way to take advantage of the equity you have in your home. 
 
▲What are some benefits of opening a HELOC? 
 
  • Funds are available when needed without having to go through an application process every time you want to borrow money
  • Flexible payment option
  • The interest may be tax deductible (consult your tax advisor)
  • Source of emergency cash
  •  
    ▲ What are some popular uses of a HELOC? 
     
  • Home improvements
  • Education expense
  • Payoff high interest debt
  •  
    ▲ How do I access my HELOC? 
     
  • By writing a check drawn on the HELOC account
  • Internet Banking transfer
  • Phone transfer
  • Request a draw in person from a teller
  •  
    ▲ Why choose Greenville National Bank for your HELOC? 
     
  • NO ANNUAL FEE (some banks charge an annual fee of $50 or more)
  • Variable interest rate at a low competitive rate
  • Low or no closing costs
  •  
    Standard closing fee of $200.00 
    Stop payment fee of $20.00 
    Over limit charge of $15.00 
    Advance less than minimum fee of $10.00 
    5.75% APR - variable rate that can change monthly based on an index (Wall Street Journal Prime) plus 2.50 margin (your rate and margin may be different based on credit score and appraisal) 
    Maximum APR of 21.00% 
    You must carry property insurance 
     
    Home Equity Loan 

    If you prefer the stability of a fixed rate, our home equity loan option may be right for you. This option provides you with a fixed monthly payment over a fixed term. With this option, you receive all of the loan proceeds in a lump sum at loan closing, which is beneficial if you have one large expense or investment that you need to fund. 
     
  • We offer competitive fixed rates or variable rates for extended financing

  • The interest may be tax deductible (consult your tax advisor)
  •  
    Standard closing fee at $499.00  
    You must carry property insurance 

    Call 937-548-1114 and ask to speak to one of our Loan Officers 
     
    FDIC
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