Home equity: your golden goose.
For most people, the equity they have in their home is the most valuable asset in their portfolio. Cashing in on that value is a great way of opening up some funds for your next big purchase.
Whether it's a new workout room over the garage, your daughter’s college tuition or a new hot tub for the backyard, a home equity line of credit can help get the ball rolling.
In a nutshell, home equity is the total fair market value of your home minus any outstanding loans you have yet to pay. At Vibrant, we take that number and loan you out up to 100% of it. So, the more of your mortgage you’ve paid off, the higher your equity—which comes back to you as a higher loan principal.
| Term/Financing | APR As Low As | Monthly Payment Per $10,000 Borrowed |
|---|---|---|
| Fixed Rate HELOC | ||
| 80% Financing | 2.750% | $100.00 |
APR may vary with credit score and loan to value ratio.
*Per $10,000 borrowed payment based on 1% of the loan balance.
**HELOC can go up to 100% LTV. All rates and terms subject to change without notice, and all loans are issued subject to credit approval. Normal lending guidelines apply. $5 Membership required for all consumer loans. $100 application fee.
| Term/Financing | APR As Low As | Monthly Payment Per $10,000 Borrowed |
|---|---|---|
| Fixed Rate | ||
| 5yr Term Up to 80% LTV | 3.490% | $181.87 |
| 10yr Term Up to 80% LTV | 3.990% | $101.20 |
**All rates and terms subject to change without notice, and all loans are issued subject to credit approval. Normal lending guidelines apply. LTV= Loan to Value. APR may vary with credit score and loan to value ratio. Property and flood insurance may be required. $5 Membership required for all consumer loans. There is an application fee of $100.