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Meritline of Credit

Meritline Home Equity Line of Credit is the straightforward answer to the needs of an active borrower and for the individual who wants to have an established line of credit at his/her disposal. Meritline offers the convenience of a one-time application. If your plans are for home renovations, a vacation or for your investment portfolio, Meritline is for you. Borrow what you need, at the moment you need it. The one-time legal and appraisal fees let you use the equity in your home to secure funds for future needs.

Your Home Equity Meritline can be prearranged for up to 65% of the appraised value of your property depending upon your mortgage situation. Repayment is calculated as 3% of the credit used each month. The interest rate may be as low as prime!

Arrange your Meritline soon and begin to enjoy maximum flexibility – it may well be the last loan you’ll ever need.

Meritline can be arranged for up to 65% of appraised value depending upon mortgage situation.

  • Repayment calculated at 3% of used line of credit each month.

  • Payments can be made by payroll deduction.

  • Life & disability insurance available.

  • Interest rate as low as prime.

 

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