How does a Flex Equity line of credit work?

The Flex Equity Line of Credit allows you the flexibility of advancing from your available line of credit with the ability to lock up to 4 segments at a fixed rate at one time. It is essentially a Home Equity Line of Credit and a Fixed Home Equity Loan all in one. You will have one combined monthly payment which consist of all the locked segments and the payment of the line if there is a balance on the line portion. The fixed portions can be locked with a minimum amount of $5,000 at a 60-, 120-, or 180-month term. There is no fee to lock your rate into a segment and you can lock in a segment at any time as long as you don’t exceed the 4 locked segment maximum.

Portion Locks

• Portions can be locked in person or via phone.
• The payment amount due includes all portion payments, interest, and late fees.