Home Equity Line of Credit (HELOC)

Home Equity Line of Credit - HELOC

Capital Bank offers a ways for you to tap into the equity in your home for a variety of purposes. Whether you are ready for a new car, the pleasure a new boat can bring, that dream vacation you've always wanted or consolidating your existing debt into a more manageable monthly payment, we can help make your dreams and plans a reality. Our lending specialists will provide you with personalized service and fast local decisions on your loan application. Contact your local branch office today!

  • Low variable rates, currently as low as 3.25% APR*
  • Interest paid on home equity line of credit could be tax deductible
  • Enjoy the convenient access to equity line by writing checks from  your HELOC

All credit services are subject to credit approval. Contact your local branch for additional details. Please consult your tax advisor for additional information regarding the eligibility of your home equity line as a tax deductible item.

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*Rate example for a Home Equity Line of Credit with an LTV of less than or equal to 65%. ANNUAL PERCENTAGE RATE: To determine the Periodic Rate that will apply to your account, we add a Margin to the value of the Index (Wall Street Journal Prime Rate), round that sum to the nearest .0125%, then divide the rounded value by the number of days in the year (daily). To Obtain the ANNUAL PERCENTAGE RATE we multiply the Periodic Rate by the number of days in a year (daily). This will result in the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE does not include costs other than interest. A change in the Index Value generally will result in a change in the ANNUAL PERCENTAGE RATE subject to a 3.25% APR floor. Maximum APR is 16% for NC and 18% for other states. Property insurance is required. Flood insurance may be required. Other closing costs range from $4.18 to $5,000, which may include appraisal, title insurance and related fees if required. Please ask us for the current Index Value, Margin, APR and Floor. After you open a credit line, rate information will be provided on periodic statements that we will send you. Borrower must meet Capital Bank underwriting and credit guidelines. Offer can be withdrawn by Capital Bank at its sole discretion without prior notice. Rates and APRs effective 11/01/2012. Example shown is for a well-qualified borrower and with autodraft from a Capital Bank account and includes typical closing costs. Actual APR may vary based on amount financed and closing costs.