Exchange Bank and Trust Home Equity Lines of Credit Review

Exchange Bank and Trust Home Equity Lines of Credit is offered by Exchange Bank and Trust (NMLS #445799), a bank founded in 1856 and based in Atchison, KS. Exchange Bank and Trust Home Equity Lines of Credit is available in 50 states (and Washington, DC).

How much can you borrow with a HELOC?

HELOCs are lines of credit that are secured by your home. Once you get approved for a certain amount, you can borrow as much as you need by writing a check or a credit card attached to the account.

Exchange Bank and Trust Home Equity Lines of Credit allows borrowers to apply for lines of credit of up to $660,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What range of rates does Exchange Bank and Trust Home Equity Lines of Credit offer?

Exchange Bank and Trust Home Equity Lines of Credit offers APRs starting at 3.498% .

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What fees does Exchange Bank and Trust Home Equity Lines of Credit charge for a HELOC?

Exchange Bank and Trust Home Equity Lines of Credit may charge a loan origination fee .

What types of property can you use as security for a HELOC with Exchange Bank and Trust Home Equity Lines of Credit?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Exchange Bank and Trust Home Equity Lines of Credit will consider lines of credit secured by the following property types:

• Primary homes.
• Secondary homes and vacation properties