You’ve spent time building equity in your home by making mortgage payments. Now it’s time to use that equity and unlock unlimited possibilities!
Home Equity loans can be used for whatever you want, whether that’s converting your problem patio into a dream deck, buying a new car, or helping out with student loan payments.
Interested? You’ve got a few options:
Home Equity Line of Credit
The HELOC has a little more flexibility. You can borrow as you need it up to your credit limit. Once your draw period is up, your monthly payments are calculated based on your loan balance.
You’ll also get a low introductory rate of 1.99% APR for six months1, no application or annual fees, and we’ll refund closing costs up to $5002.
Fixed Rate Home Equity Loan
With this fixed rate loan, you get your money in a lump sum and can use it however you want. Payments are fixed, just like the rate, and you have a set repayment period.
1. Rate discount is based on a 6-month introductory term with initial advance of $10,000 in new funds. The introductory rate will be effective for 6 months from closing date. After 6 months, the APR will be indexed as low as Prime Rate–.75% based on creditworthiness and loan-to-value, with a floor of 2.99% APR. Rate includes .25% discount if you have an active Absolute Checking Account. Rate discount does not apply to the interest only product. The index used to determine the APR will be the Prime Rate found in the Money Rates Section of the Wall Street Journal published on the first working day of the month. The APR will then be adjusted and effective on the first day of the same month. Minimum credit limit is $10,000. Rates effective March 1, 2018. Other rates and terms are available. All rates are subject to change without notice. All loan approvals are subject to normal underwriting procedures. Loan must be secured by primary residence, which must be owner-occupied.
2. Maximum closing cost reimbursement amount is up to $500.00. Closing cost amount will be rebated after you finance a minimum of $10,000 in a new Home Equity Loan. Closing costs will also be rebated with a minimum of $10,000 added on to an existing Clearview Home Equity Loan. If a loan is re-mortgaged with another financial institution or paid off within 12 months of origination, the rebate must be reimbursed to Clearview.