Home Equity Line of Credit

Now is the time to start thinking about making those home improvements, buying that car, or taking that vacation.

With a First Citizens Home Equity Line of Credit, you can borrow whenever a need arises, up to your available credit line. As payments are made, funds become available to use again -- no need to re-apply.

Summary

• Lower rates than credit cards
• Pay interest only on what you use
• When payments are made, funds become available again
• Variable rates
• Access funds by check, ATM, or by overdraft protection on a FCNB checking account. You can also access funds anytime with your Homeowners Advantage Debit Card anywhere MasterCard is accepted
• Interest may be tax deductible (Consult your tax advisor.)

FAQ

What will my limit be for my Point-of-Sale transactions?

The bank will approve any transaction within the available balance of your credit line up to $9,999.99.

Can I keep my Home Equity Line of Credit checks?

Yes, you may continue to use your checks, which will continue to show on your Home Equity Line of Credit statement. Your Home Equity Line of Credit statement will also show any advance to cover any Homeowner's Advantage Card transactions.

Will I see my individual point-of-sale transactions or just the advance?

You will see the individual point-of-sale transactions reflected in a new statement you will receive for the Homeowner's Advantage Zero Balance Account (ZBA). Both statements will be produced the same day.

Click here to see a sample of a Homeowner's Advantage ZBA statement.