Bravera Bank


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Home Equity Line of Credit

Dare to dream big.

Finance your dreams with a Bravera Home Equity Line of Credit (HELOC). Whether you're looking to make home improvements, consolidate debt or pay for college a HELOC can help you finance whatever you're looking to accomplish. Call 701-250-3632 to contact a home equity lender. 
 
We offer two financing options: 
 

Home Equity Line of Credit

  • 10-year term
  • Variable rate on a revolving line of credit starting at 6.25% APR1
  • Monthly interest-only payments 

1Annual Percentage Rate (APR) for Home Equity Lines of Credit can range from 6.25% to 8.75% based on credit and combined Loan-to-Value. The APR offered is a variable rate and is subject to change at any time with the maximum APR that can apply during the term of the Line of Credit of 12%. Subject to credit approval. Estimated cost you will have to pay for a Home Equity Line of Credit ranged from $400 to $550. An external appraisal may be required for an additional expense up to $1000. You must own the property to obtain a Line of Credit. Property insurance is required. Paying only the minimum balance will result in a balloon payment at the end of the term.

 

Home Equity Term Loans

  • 5-, 10- or 15-year term
  • Fixed rates starting at 6.00% APR2

2Annual Percentage Rate (APR) for Home Equity Term Loans can range from 6% to 8.75% based on credit and combined Loan-to-Value. Subject to credit approval. Loan closing fees apply. Average home equity loans have a Loan-to-Value of 10% to 40% (with combined Loan-to-Value not exceeding 90%). You must own the property to obtain a Home Equity Loan. Property insurance is required. A 5-year Home Equity Term Loan for $100,000 at 6.097% APR would result in monthly payments of $1,932.21. A 10-year Home Equity Term Loan for $100,000 at 6.053% APR would result in monthly payments of $1,113.22. A 15-year Home Equity Term Loan for $100,000 at 6.289% APR would result in monthly payments of $859.92. Payments do not include taxes or insurance, and actual obligations will be greater. See a lender for full details.
















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Ready to get started?

Contact one of our home equity experts by calling 877-483-6811 or by contacting us online.