KeyDirect® Key Equity Options®
Home Equity Line of Credit
Easy access to funds for today - and tomorrow.
What is a home equity line of credit?
A home equity line of credit is a variable-rate revolving credit line that uses the equity in your home as collateral. You will be approved for a specific credit limit or the max amount you can borrow at any one time. The revolving feature of a Home Equity Line means as the principal balance is repaid, it may be borrowed again for future needs.
How can I use a Key Equity Options account?
Use your KEO account anyway you like - make home improvements, consolidate debt, or take a family vacation. It's all up to you. With a KEO account, you'll be ready for whatever large and small expenses the future may bring. And with up to three fixed-rate options, you can pay off big-ticket purchases at an affordable fixed rate.
Benefits
- Same day decisioning
- The ability to lock-in up to three low fixed-rate options
- Flexible payment options, including interest-only
- Interest paid may be tax-deductible1
- Manage your account through Online Banking and Investing
Account Detail
Home Equity Line of Credit
- Borrow up to 85% of your home's appraised value
- Minimum line amount $5,000
High Value Home Equity Line of Credit
- Borrow up to 100% of your home's appraised value
- Minimum line amount $5,000; Maximum $150,000
How do I access my Key Equity Options Line of Credit?
- Writing a convenience check
- Transferring funds online
- Calling 1-800-872-5553
Disclaimers
1 Consult your tax advisor regarding the deductibility of interest.
To apply, you must:
- Be 18 years of age or older
- Live within any state EXCEPT the following: AL, TX or DC
- Agree to provide additional personal and business information, if requested, such as tax returns and financial statements
- Certify that all information submitted in the application is true and correct
- Authorize the bank and or a credit bureau to investigate the information on the application
- Consult your tax advisor regarding the deductibility of interest.
Equal Housing Lender.
Member FDIC.
Subject to credit approval.
No more than two fixed rate options can be opened in any 12-month period.