Home Equity Lines of Credit (HELOCS)

Customer using debit card through a drive thru.

Tapping into the equity you have in your home can be a convenient way to borrow funds at favorable interest rates. A HELOC is a type of loan that is secured by your house and works much like a credit card. It allows you to access a revolving line of credit you can continue to draw upon for years. You can borrow as little or as much as you need, up to your approved credit limit.

At Guaranty Bank, you have two HELOC options from which to choose. Both have the flexibility and convenience our customers appreciate:

  • Credit lines of $10,000 – $500,000 available
  • 10-year draw period with possibility for extension
  • Lower interest rates typically than credit cards or personal loans
  • Only pay interest on what you owe
  • Easy access to available credit through convenience checks or funds transfers
  • Use the money for whatever you choose
  • Possible tax benefit when used for home improvement
  • Can be linked to Guaranty Bank checking for overdraft protection

HELOC – Interest-Only Payments

  • Variable Interest Rate
  • Payments based on interest accrued on outstanding principal balance
  • Minimum credit scores apply

Click to Apply for Interest-Only HELOC

HELOC – Standard (Principle and Interest Payments)

  • Variable Interest Rate
  • Rebuild available equity faster by paying principal and interest payments
  • Payments calculated at 1.25% of outstanding balance
  • Minimum credit scores apply

Click to Apply for the Standard HELOC

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