Picture it Done

Move your plans forward with a Home Equity Line of Credit.

Need a quick cash flow bump for a big expense? Skip right past the high-interest credit cards and go straight to a more cost-effective, flexible home equity line of credit instead.

With Peoples Bank, you get:

Peace of mind: Our low fixed rates protect you from rate hikes.

Borrowing power: Up to 89% of your home’s value, minus your mortgage balance.

Flexibility: Use what you need and pay interest only on the outstanding balance.

Speed: Borrow $50,000 or less and close in 5-7 days, with no closing costs.

Easy access: Just write a check or use your Equity Express VISA® card.

How much can you borrow from your home? Use our calculator to find out.

View Rates Find a Banking Center

Or call 219.836.4400 for more details.

**APR equals Annual Percentage Rate. Based on credit score of 720 or above. APRs are current as of 06/15/22, and are for new Home Equity Lines of Credit. For example, the minimum monthly payment on a $50,000 line would be an interest only payment of $199.58 for the APR of 4.79%, and $241.25 for the APR of 5.79%. The minimum monthly payment will be equal to the interest that has accrued on your account as of the closing date of each billing cycle. Paying only the minimum monthly payment during the Draw Period will result in the remaining balance being amortized over the next 15 year Repayment Period for the 5 year Fixed Rate, and 10 year Repayment Period for the 10 year Fixed Rate. $50.00 annual fee will be assessed on 1st monthly statement. Property insurance will be required. Loan application must meet Peoples Bank’s underwriting standards and is subject to formal loan approval. Rates are subject to change without notice.

Draw Period – is the period of time that you are able to borrow funds using your Home Equity Line of Credit (HELOC), up to your credit limit.

Repayment Period – begins at the end of your Draw Period and is the period of time that you repay your outstanding balance. You will no longer be able to draw funds during this time.

Pre-Payment Penalty – There will be an early termination fee if the line is closed within 36 months. The early termination fee will be equal to all third-party costs not to exceed $350.00.

Special Loan Program Pricing – For information on special programs such as a lot loan, construction loan and jumbo loan pricing, please contact a Mortgage Banker at 2198537500.