What are the terms of a home equity line of credit?
Our Home Equity line of credit offers a term of eight years. It can be drawn on for eight years. After this term, you can apply to renew your line of credit. If you do not renew, your account balance will either be due and payable in full (a balloon payment) or it may be restructured on a fixed rate loan for three to five years, amortized up to 25 years.
