Home Equity Loans

The FNCB Home Equity Line of Credit with Carve Out combines the convenience of a variable rate home equity line of credit (HELOC) with a "carve out" option that allows you to lock-in up to three simultaneous fixed rate loans without having to reapply. Simply draw the amount you need, whenever you need it, and for whatever you need it.

Loan Features

• Low rates.
• Quick application and decision process.
• 10-year draw period followed by a 15-year repayment period on variable portion.
• Carve out up to three simultaneous fixed rate loans.
• Borrow up to 89% of the equity in your home.
• Interest only billing during the draw period.
• No annual fee.

Carve-Out Option

Our Home Equity Line of Credit Carve-Out option allows you to convert a portion of your outstanding HELOC balance to a fixed-rate loan! For example, if you need money to buy a car, simply "carve out" the amount you need giving you predictable monthly payments and no worries about fluctuating interest rates!

• $10,000 minimum carve-out loan amount.
• Flexible terms.
• As you repay the fixed-rate loan, your available HELOC balance is once again available to borrow.
• $50 carve-out fee.

Visit any FNCB Community Office or call 1-877-879-3622 to learn more!

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Disclosure

All loans subject to credit approval. Consult a tax advisor regarding the deductibility of interest.