Home Equity Line of Credit from BFG
Our Home Equity Line has great features and a LOW RATE!
Our home Equity Line of Credit is priced to save you money. The more you borrow the lower your rate. Our current line of credit rate is:
- Prime - 1.01% on balances of $50,000 and over
- Prime - .51% on balances under $49,999
This is not an introductory rate, but is available to you for the entire life of the line of credit on your Ohio property.
Need Assistance? Call one of our Home Equity Consultants at: 800-306-4400 Ext. 4120
NO HIDDEN FEES
- NO Application Fee - Click here to apply
- NO Closing Costs
- No Origination Fees
- NO Annual Fee
- NO Prepayment penalty
Low Minimum Advance
Minimum advance is only $500. You can access your line of credit by writing a check for $500 or more
80.0% Loan To Value
This means we will loan you up to 80.0% of your home's value with our home equity line of credit minus any balance you have on your first mortgage.
10-Year Interest-Only Draw Period & 10-Year Repayment Period
You can borrow & make interest only payments or interest and principal payments during the first 10 years. Then during the repayment period you have 10 years to repay your loan.This line of credit is a variable rate loan and subject to change monthly.
Apply today to get started with a great low rate on a home equity line of credit.