What is it?

Fixed-rate for 7 years of a 10-year variable-rate draw period. After 7 years, the balance due is rolled into the line at the effective variable rate.

Who is it for?

A qualified owner-occupied homeowner with equity in their home.

What are the benefits?

Protected rate for 7 years. Use the funds how you like. Automatic payment and relationship discounts can lower rate. 

HELOC details

This is a great HELOC if you want to ensure that your rate won’t change within the first seven years.