Freedom from financial stress is closer than you think. Tap into the value of your home to finance a wide variety of needs. Use a lump-sum loan to pay for one-time expenses, or open a Masterline Home Equity Line of Credit (HELOC) to cover recurring costs. Our friendly lending experts will help you find the best solution for your unique situation.
Fixed Home Equity Loan Features
Fixed Home Equity Loan Management
Put your money where it matters most with a home equity line of credit. Our Masterline HELOC features fixed rate options, giving you the flexibility to lock in a portion of your balance at a fixed rate. Cover nearly every kind of recurring cost, from medical bills to college tuition and pay interest ONLY on what you spend. Save money and time by cutting out paperwork — apply once and access your entire credit limit up to 10 years!
Masterline HELOC Features
Masterline HELOC Management
Keep your family’s finances safe despite unforeseen circumstances. Add EquitySafe Debt Protection to an open-ended home equity line of credit (HELOC). Find relief in the face of accidental death, disability or involuntary unemployment.
Contact us at (800) 444-4589 for details on cost, benefits, terms and conditions, and eligibility requirements.
EquitySafe Debt Protection is provided by Minnesota Life Insurance Company.
*APR = Annual Percentage Rate. The APR and financing is based on your creditworthiness, occupancy and property loan-to-value. Rates current as of 5/1/19 and are subject to change at any time. Masterline Home Equity Line of Credit index is the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal in effect on the first day of each month. The APR on Masterline Home Equity Lines of Credit are variable and may be subject to change during the term of the loan; the lowest possible APR during the life of the loan (“the floor”) is 4.00% APR and the highest possible APR (“the ceiling”) is 15.00%. Verity Masterline HELOCs incur a reconveyance fee at pay-off. Member pays appraisal costs if an appraisal is needed; standard cost is $680 or more depending on property. Available for qualified borrowers only. Verity pays closing costs (excluding appraisal cost) on owner occupied properties. Members pay all closing costs on investment properties; limit of 2 investment properties with home equity loans per member. Masterline HELOC early closure fee: if your account is paid in full and closed within 24 months of opening, you will be charged the lesser of $350 or 2% of the initial credit limit.
Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC).