Dream Big with a Home Equity Line of Credit*
Open a home equity line of credit at Progress and you'll get fast decisions and the great personal service you can only find at a true local bank. Put our network and experience with your home's equity to inspire your dreams!
- Home remodeling
- Dream vacation
- Consolidate debt
- Potential tax savings
* The introductory rate of 2.49% APR is fixed for 12 months. At the end of 12 months, the interest rate and APR is variable based on Wall Street Journal (WSJ) Prime Rate plus a margin of 1% or WSJ Prime Rate plus a margin of 0.5% with a floor rate of 4.00%. WSJ Prime is a variable rate; as it changes the APR on your account will also change. WSJ Prime as of 02.23.16 is 3.50%. APR based on 4.50% interest rate is 4.56%. APR maximum is 18.25%. Closing cost may range from $300 to $1,500. Bank pays closing cost for new HELOCs up to $250,000, subject to initial draw of $10,000 and maintaining outstanding balance of not less than $10,000 for first 180 days. Primary or secondary personal residences only. Monthly automatic payment debit to a Progress account or Progress Online Banking with one bill payment per month is required. Offer subject to credit approval. Consult a tax advisor regarding deductibility of interest. Offer expires 09.30.16.