Prime - 1.00% for loan requests up to 80% of the
homes appraised value, minus outstanding first mortgage
balance. Prime for loans between 80.01% -
89.9% of homes appraised value minus first mortgage
balance.
Credit lines range from $5,000.00 plus
Interest may be tax deductible (consult your tax advisor)
Minimum payment is interest only
Check-writing capability gives easy and immediate access to credit
line
Monthly statement details all transactions; annual statement shows
total interest paid
