Now is a great time to borrow with a Harris Home Equity Line of Credit. At Harris, you may qualify to borrow up to 70% of the equity in your home. To determine how much you may qualify to borrow, click on the calculator to the right.
Borrow only what you need and save!
The flexibility of our Home Equity Line of Credit is ideal whether you plan
to borrow your funds all at once or over a period of time. You can simply
access your line as you need it up to the amount of your available credit
limit. You pay interest just on the amount you have actually borrowed - not
the amount of the line. A Harris Home Equity Line can potentially save you
hundreds of dollars over other loans!
If you choose to make minimum monthly interest payments on your home equity line of credit, you will not repay the principal outstanding on your account. You will be required to pay the entire outstanding balance in a single payment when the 10 year draw period ends.
Easy account access You’ll have convenient access to your home equity line of credit wherever you are and whenever you need it. You can access your home equity line of credit by using checks, your Harris Equity Access Card by MasterCard®, online, in branch or over the phone.3
A home equity line of credit gives you convenient access to the extra money you need through our Harris Equity Access Card. Use it at millions of locations worldwide, anywhere MasterCard credit cards are accepted. The Harris Equity Access Card may not be available in all states, for more information please call 1-800-546-6101.
Fixed Rate Lock Option Available
You can take comfort in knowing that with our special Fixed Rate Lock Option, you can lock in a fixed interest rate on all or a portion of your outstanding balance so you don’t have to worry about future rate increases.
If you select the Fixed Rate Lock Option, there is a $50 fee FINANCE CHARGE each time you exercise this conversion option. The minimum lock amount is $5,000. The APR for each rate lock feature will be a fixed rate equal to 18%. We may at our sole discretion provide a rate lock feature at a discounted APR that is lower than the above-stated rate. A recent APR that we used for the fixed rate feature is 7.24% and the APR does not include costs other than interest.
No
closing costs or application fees Closing costs paid by Harris are limited to appraisal, flood determination, title insurance and recording fees. Costs to satisfy certain prior liens may be assessed.
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The interest you pay may be tax-deductible
Please consult your tax advisor regarding the deductibility of interest.
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Line amounts as low as $5,001
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10 years to repay
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70% LTV Home Equity Lines available
For more information or to apply by phone, call 1-800-546-6101
1.
We cannot lend money outside of the United States of America.
2.
Loan products are available in Illinois, Indiana and Wisconsin only. For information about our product offerings in Florida, Arizona, Washington, or other states please contact a Harris Sales Representative at 1-800-546-6101.
3.
MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.
Harris® is a trade name used
by Harris N.A. and its affiliates. Member FDIC
Third
party web sites may have privacy and security policies different
from Harris. Links to other web sites do not imply the
endorsement or approval of such web sites. Please review the
privacy and security policies of web sites reached through links from
Harris web sites.
Brokerage (including mutual funds and annuities) and investment advisory services are offered through Harris Investor Services, Inc. Member FINRA/SIPC
. SEC-registered investment adviser. Insurance offered through Harris Bancorp Insurance Services, Inc. Harris Investor Services, Inc. and Harris Bancorp Insurance Services, Inc. are affiliated companies. Products offered are: NOT A DEPOSIT - NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY ANY BANK - MAY LOSE VALUE.
United States Department of Treasury Regulation Circular 230 requires that we notify you that, with respect to any statements regarding tax matters made herein, including any attachments, (1) nothing herein was intended or written to be used, and cannot be used by you, to avoid tax penalties; and (2) nothing contained herein was intended or written to be used, and cannot be used, or referred to in any marketing or promotional materials. Further, to the extent any tax statement or tax advice is made herein, Harris N.A. does not and will not impose any limitation on disclosure of the tax treatment or tax structure of any transactions to which such tax statement or tax advice relates. Harris N.A.does not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.
