Home Equity Loans & Lines of Credit with No Annual Fees

Use the equity in your home for a variety of purchases: cars, boats, recreational vehicles, home furnishings, lawn and garden, bill consolidation and more! Maybe start your own business! This loan solution is secured by the equity in your home. You'll enjoy low interest rates and a low minimum loan amount. A Fixed Rate Home Equity solution offers low fixed interest rates and consistent monthly payments. Monroe Bank & Trust's Home Equity Adjustable Rate Mortgage (ARM) is an affordable financing option offering low minimum monthly payments with an interest rate that is fixed for an initial term and thereafter fluctuates throughout the remaining term based on market rates. The maximum amortization of 240 months.

Type	Loan to Value	Term	Best Rate	APR
6/1 ARM Home Equity Loan	80% LTV	Up to 240 Month Note	5.25%	5.70%
10/1 ARM Home Equity Loan	80% LTV	Up to 240 Month Note	6.00%	6.10%

As a homeowner, you may have been building equity in your house which you can access to start your own business, remodel, and consolidate debt. It is a revolving line of credit and you can take advances on the money up to your line limit. Borrow up to 85% of the equity in your home. Convenient debit card, check access, and easy transfers with online and mobile banking. Low payment option. Fast turnaround times mean you don’t have to wait to make your purchases. No annual fee. No loan processing fee. No application fee. Safe and secure with all loans serviced in house. Debt consolidation tool. Low minimum loan amount. 30 year term - monthly interest-only payment required on the first 10 year draw period followed by a 20 year repayment period of monthly principal plus interest payments.

Product	Loan to Value	Best Rate	APR	Points
Line of Credit	85% LTV	Prime	5.50%	0.000%