Home Equity Line of Credit
All that hard work as a homeowner is about to pay off
You've paid down the mortgage, kept up with repairs and made some improvements. Now your home's market value is a good bit higher than what you owe on your loan. That means you have equity. And you can use it as collateral to obtain a low-cost line of credit that you can use to add a few rooms, buy new furnishings, cover college costs, consolidate debt or cross off anything else on your to-do list.
- Borrow from your credit line with the flexibility to repay what you owe
- Carter Bank pays all closing costs on lines of credit below $250,000*
- Rate discounts available if you schedule automatic payments from Carter Bank accounts
- Interest on your home equity account may be 100% tax-deductible**
FAQs
For contact information, including phone numbers, email addresses, and online inquiries, please visit our "Contact Us" page. You can also call us at 833-275-2228, or visit us at one of our locations. To find a location click here.
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*In the event that the Home Equity Line of Credit is closed within 36 months of origination. Borrower will be required to reimburse lender for any closing costs paid by lender.
Property and Hazard insurance may still be required.
**Consult your tax advisor about the deductibility of interest.
All loans are subject to credit approval.
Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.