If you’re looking for a smart and flexible way to borrow, we offer home equity lines of credit. These revolving lines of credit work like credit cards, allowing you to borrow and repay funds over and over again. At DNB First, you can choose from three home equity line options –
Easy Line of Credit.* A monthly principal plus interest payment line amortized over a 15-year period, with an initial draw period of 5 years and continuing conditional on periodic reviews.
Interest Only Option.* Offers a monthly interest-only payment line with a initial draw period of 5 years and review after 5 years.
Prime Line* - Provides exceptional borrowers with our lowest rate home equity line of credit- Prime Rate, variable APR, currently 4.00%.**
All offer valuable benefits, including –
See our home equity lines of credit rates.
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* Property insurance will be required on all property used as collateral for this loan product.
**The Annual Percentage Rate (APR) is tied to the Wall Street Journal Prime Rate and may change as often as daily.