HELoC Select offers convenience and flexibility

Switch all or part of your TruMark Financial HELoC Select balance to a fixed-rate at any time. HELoC Select holders can have up to three locks.*

_{*You may elect to “lock-in” or convert a portion of your variable-rate outstanding balance to a fixed APR over a set term. You may select the term of your lock feature from terms provided to you at the time you exercise this option. Offered rate will be based upon borrower’s creditworthiness and term selected. The minimum amount that may be locked in is $5,000. The minimum term of the lock feature is five years and the maximum term of the lock feature is 20 years.}

Contact TruMark Financial’s Member Service Center or visit your local branch to request the amount and term you would like to lock-in. TruMark Financial will calculate the interest rate and payment of the requested locked-in portion of your HELoC Select balance based on credit score, term requested, and loan-to-value to determine your monthly payment and send you a Lock Agreement which must be completed and returned.

Home equity is the difference between your home’s market value and the remaining balance owed on your mortgage.
If you own a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity. With a home equity line of credit, you can borrow against the value of your home. This could be a good strategy if you need extra money to pay for a large expense.

Everybody has unexpected expenses, cash shortfalls, home repairs, or large purchases to make. Instead of cashing in stocks or other investments that may increase in value over time, you can use the equity in your home to open a TruMark Financial Home Equity Line of Credit (HELoC). TruMark Financial offers low rates and the flexibility of low monthly payments.

A home equity line of credit (HELoC) gives you the flexibility to use the funds on an “as-needed” basis. On the other hand, a home equity loan gives you a one-time draw with a fixed rate that is especially useful for a large initial purchase. Consult with TruMark Financial to find which loan is right for your situation.

The amount of equity you currently have in your home will determine the HELoC amount. Consult with TruMark Financial to determine your eligibility.

If you would like to refinance a fixed-rate home equity loan or home equity line of credit from elsewhere, you can apply online, over the phone, or at any TruMark Financial branch location.

TruMark Financial charges a low processing fee and an appraisal fee may be necessary, depending on the value and equity of the loan.