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Take advantage of your home’s value and achieve your goals. Get the money you need by using the equity in your home.
Access the funds you need when you need them with a 5-year variable rate line of credit. Similar to a credit card, as you repay what you borrow, funds become available for use again.
Additional HELOC Resources:
CFPB - What you should know about Home Equity Lines of Credit (brochure)
Rhinebeck Bank - Important Terms of our Home Equity Line of Credit (HELOC)
*An estimate of the fees you would have to pay third parties at the time of closing (closing costs) will be provided to you. If you are approved for a home equity line of credit, Rhinebeck Bank will waive your obligation to pay these closing costs, provided that you maintain your home equity line of credit account with the Bank, in good standing, for three (3) or more years from the day of closing. If you or the Bank terminate the account for any reason you will be required to reimburse the Bank for the fees the Bank paid on your behalf.
**Consult your tax advisor to determine your eligibility.
***After the 5-year draw period ends, your line of credit feature ends. Should there be a balance remaining at that time, the balance will be converted to a term loan with a term of up to 15 years.
All lines of credit are subject to credit approval; annual percentage rate will depend upon credit history. Additional terms and conditions may apply based on type of collateral and other chosen conditions.
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