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Home Equity Line of Credit Variable rates as low as 3.74% APR*

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Don’t put your home
improvements on hold.

Love the home you live in with a Home Equity Line of Credit

Your home isn’t just a home—it’s an investment that can give in big ways. The equity you’ve worked so hard to build in your home can be utilized to fund the kitchen of your dreams. Maybe the master bath needs renovation, or it’s time to finally build the outdoor kitchen.

Home equity loans and lines of credit are easy, affordable ways to finance your remodel project. They typically offer a lower rate than other financing options like credit cards, making these loans and lines of credit a great option for making your dream home dreamier.

You can also use your Home Equity Loan or Line of Credit to:

  • Pay for college tuition
  • Consolidate debt into a lower rate
  • Fund a wedding or once-in-a-lifetime vacation
a man looking at paperwork

Make your existing debt more easy to manage.

Get back on track with a Home Equity Line of Credit.

High-interest debt can become a drag on your finances, making it harder to reach your financial goals. With a lower rate than most other financing options like credit cards, a home equity line of credit (HELOC) from Broadway Bank is an easy, affordable way to consolidate your debt.

Use only the funds you need – and add back to your available credit as you pay down the balance. With a HELOC from Broadway Bank, you can:

  • Get flexible access to cash
  • Order checks linked to your account for easier spending
  • Use funds for a variety of goals like home improvement, debt consolidation, vacation expenses and college tuition
  • Possibly deduct interest from your taxes - please consult your tax advisor

*APR is the Annual Percentage Rate. The bank offers home equity lines of credit with variable APR as low as 3.75% (as of 5/27/20), on line amounts of $50,000 or greater". Term is a 10-year draw/interest-only period followed by a 10-year fully amortized repayment. Rates quoted assume excellent borrower credit history. We will set your initial variable APRs based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria. Line of credit rates are variable and will be calculated by adding a margin to the Wall Street Journal Prime Rate as published in the Wall Street Journal. The Wall Street Journal Prime Rate was 3.25%. APR range is 3.74% -10.24%. Maximum APR is 18%. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. The maximum line plus other liens cannot exceed 80% of the home’s fair market value. Offer does not include manufactured homes. Broadway Bank must have a valid first or second real estate lien under Article XVI, section 50 (a)(6) of the Texas Constitution. The property must be your primary residence and occupied by you. Property insurance will be required including flood insurance where applicable. Standard closing costs of $250-$350 may include a title search, credit report, flood certification, property inspection and filing fees. Other closing costs can range from approximately $500 (on lines up to $250,000) to $4,000 (on lines greater than $250,000 up to $350,000). You will receive a lender credit of $200 toward closing costs. Minimum line amount is $25,000. Minimum advance is $4,000. Lending area and other restrictions apply. Member FDIC.

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