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Special Rate On Home Equity Lines Of Credit

Borrow money for almost anything!

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Home Equity Lines Of Credit As Low As 3.00% APR*!

Plus, Save $150 Off Closing Costs!

Get Money Out Of Your Home With A Home Equity Line Of Credit

If you have equity in your home, a home equity line of credit (or HELOC) could provide funds that you can use for almost anything! Our limited-time introductory rate offer means you can use your home equity money for less. We’re offering HELOCs with variable rates as low as 3.00% APR. And we’ll take $150 off your HELOC closing costs just to make this offer even more attractive!

Regular Home Equity Line Of Credit Rates

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APR

How Does A Home Equity Line Of Credit Work?

A HELOC is a little like a credit card, except that it’s secured by your house. You have a line of credit up to a certain dollar amount. You only pay interest charges on the amount you draw on that line of credit. Royal HELOCs have a five-year draw period when you can use the line of credit, followed by a 15-year repayment period. During the draw period, you make interest-only payments on the amount you use. Interest rates are variable every 3 months or every 5 years, depending on what type of HELOC you choose.

What Can You Do With A Home Equity Line Of Credit?

We hear this question a lot, and a better one would be what can’t you do with a HELOC? You can use a Home Equity Line of Credit for just about anything! Many Members use their HELOC for home improvements, remodeling, or renovations. Because the rates are so low, you can also use a HELOC to consolidate debt – turning several monthly payments into one monthly payment and possibly lowering your interest rate in the process. HELOCs are a low-interest way to fund large, once-in-a-lifetime expenses, such as higher education, a wedding, or even a vacation. Spreading those costs over many years using a HELOC makes it easier to budget for them over time.