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A HOME EQUITY LINE OF CREDIT
While life is full of unexpected expenses, you can still be prepared.
The Oklahoma Fidelity Bank Home Equity Line of Credit may be the most flexible, convenient way to borrow money for any purpose...home improvements and remodeling, debt consolidation, vacations, education, weddings or special events...whenever you need it.
Here's how it works: A revolving credit line is established based on the equity in your home and your ability to repay. You can then access your money whenever you need it by writing a check. As you repay the outstanding principal balance, that amount is available to use again without reapplying for a loan. You can pay more than the minimum monthly payments to reduce your principal. The line matures in 10 years.
With the Oklahoma Fidelity Bank Home Equity Line of Credit you can:
- Access funds quickly when ever you need them.
- Access funds to pay expenses over time.
- Receive a line of credit for up to 95% of your home’s value.
- Benefit from interest that may be tax deductible. (Consult your tax advisor).
Compare Home Equity Options
Apply Online or Call 405-755-5330 or 1-800-757-0464
Click
here and select Consumer Loans from the drop-down menu to email a representative.
Additional Information
Making Payments
- With an interest-only plan, your principal balance is reduced only when
you make voluntary principal payments to pay down your line of credit balance at any time without penalty.
Access to Funds
- Access available funds from your line of credit for 10 years.
Fees and Costs
- No origination fees to open your account for owner occupied primary residences.*
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