Home Equity Line of Credit (HELOC)
Do you need money for college tuition, home improvements, or maybe a well-deserved vacation? Whatever your reason, a home equity line of credit is a resourceful way to get the cash you need – when you need it.
- Variable interest rate
- Interest-only payments during the draw period and only on the amount borrowed
- Interest payments may be tax deductible (consult your tax advisor for advice on your specific situation)
- Closing costs paid for by i-bank up to $500*
- $50 annual fee (waived if you have an Independent Bank checking account with automatic payment drafted monthly for our Home Equity Line of Credit)*
- Contact i-bank for more information.
Call Customer Service at 888-716-9293, stop by any of our branches, or apply online to begin your HELOC application.