Home Equity Lines of Credit
As your family grows, so do your needs. Is it time to add that extension to give your home a little more space? Or could you use a little extra cash for the small repairs that keep adding up? Whatever the case, Camino has solutions to help make the equity you've built in your home work for you!
A line of credit can give you access to cash for a brand new kitchen or an unexpected expense. Camino offers competitive rates and flexible terms to put just about anything within your reach!
- Summary
- Low rates below industry average
- No application fees
- Credit line up to 90% of your equity
- Lines up to $200,000
- Borrow funds as needed
- Only pay interest on what you use
- Use for any purpose
- Access funds online, by check, by phone, or in person
- Re-access without re-applying
Your interest may be tax deductible.* So using a HELOC to pay off other debts with non-deductible interest (such as credit cards, auto loans, personal loans) may give you a nice tax benefit.
*Consult your tax advisor.
- HELOC Options
3-year Fixed Intro Rate Home Equity Line of Credit
Most lenders offer a 3- or 6-month intro rate. But we don't think that's enough time to get to know each other, so our intro rate lasts three years! That's plenty of time to knock down high-interest credit card bills, add another bathroom, enlarge the kitchen, or use your equity any way you can imagine.
Interest-Only Home Equity Line of Credit
Our Interest-Only HELOC gives you the versatility and convenience of our regular HELOC, but with payments that are dramatically lower. Plus, you may be able to deduct 100% of your payments. Consult your tax advisor.
- Insurance
Credit Life / Disability Insurance
Protect your family with affordable credit life and credit disability insurance. It will make the payments on your covered loans when you no longer can. An unexpected death or permanent disability is a trying time; financial security can create one less burden as your family recovers.
This coverage is available for just a few cents a day. The premium can be included in your monthly loan payments, so there is no additional bill to worry about.
