Home Equity Line of Credit

*APR is Annual Percentage Rate. ** After 6-month fixed introductory rate, rate is variable and will change quarterly to be equal to prime. Maximum variable APR will not exceed 15.5%. Promotional rate effective as of September 5, 2024. Rate is subject to change without notice. Promotion may be cancelled at any time. Requires a deposit account with BVNB with an ACH deposit or withdrawal. Closing costs range from $600 to $1,300. HELOC is to be secured by an owner-occupied 1-4 family residence. HELOC has a 10-year term and payments will be due monthly. Monthly payment will equal the amount of accrued finance charges on the last day of the billing cycle with a minimum of $100. The minimum monthly payments will not be sufficient to fully repay the principal that is outstanding on your line of credit at the end of 10 years. At the end of this period, your HELOC could have a balloon payment due. HELOC approval is subject to credit underwriting guidelines.