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HOME EQUITY LOANS Planning a major renovation project? Adding a new pool? Paying for college tuition? Turn the equity in your home into a valuable resource for your individual financial needs. Consider the possibilities with a home equity loan from Texas Bank and Trust. The minimum amount for a home equity loan is $10,000.
*Subject to credit approval. **Some restrictions apply. ***See your tax advisor to verify deductibility. TEXAS EQUITY FLEXLINE The Texas Equity Flexline is a revolving line of credit for which you make interest-only payments* on the outstanding balance during the draw period. You may repay and re-borrow up to the maximum line of credit as many times as you like during the draw period. Initial rate is Wall Street Journal Prime Rate (first twelve months), adjusted annually thereafter to Wall Street Journal Prime Rate**.
You may apply with any of our consumer or mortgage loan officers in person or by fax. Call today to learn about our Texas Equity Flexline! 903.237.5584. It's like having a cash reserve at your fingertips!
*Interest-only payments during the draw period. After the draw period ends, you will no longer be allowed to take advances and must pay the outstanding balance over ten years. **All accounts are subject to credit approval and acceptable appraisal. Some restrictions apply. APR is a variable rate subject to change annually. Maximum loan-to-value 50%, and combined maximum loan-to-value (CLTV) of 80% or less. Minimum line of credit of $10,000, and minimum draw is $4,000. Minimum APR on all accounts is 5.00% and maximum is 18.00%. Property insurance required, and flood insurance may be required. This program does not have an annual fee. Program is subject to change without notice. ***See your tax advisor to verify deductibility.
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