Home Equity Lines of Credit

Before you drain your emergency fund, consider using the equity you've built in your home as a line of credit. Draw funds as you need them, and reuse without having to reapply. And you only need to pay interest on what you use.

A home equity line of credit can be used to finance a number of expenses, from home improvement to debt consolidation to higher education. Talk to a First Citizens banker for more details.

  • Use your home's equity as a line of credit
  • Draw what you need, when you need it
  • Make payment, then reuse without having to reapply
  • Competitive, variable rates
  • Lower than credit cards
  • Pay interest only on what you use
  • Interest may be tax-deductible*
  • Several convenient ways to access funds
  • Check
  • ATM
  • Homeowners Advantage Debit Card
  • In-house processing for efficiency
  • Attentive, local service

*Consult your tax advisor.

Home Owners Advantage Card

Now you can use your Home Equity Line of Credit anywhere MasterCard is accepted. We simply establish a Homeowner's Advantage Zero Balance Account for your home equity line of credit point-of-sale transactions processed with your Homeowner's Advantage Card.

Each time you use your card, the total amount of your purchases for that day is automatically transferred from your home equity line of credit to a special attached account.

  • Easy to use
  • Fits in your wallet
  • More secure than a check

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 $1,000 per day per card. This limit can be increased upon approval of your request on a temporary or permanent basis.

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.

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