Prime Rate Drops to 5.25%

The prime lending rate is now just 5.25% which is great news for consumers looking for home equity lines of credit. A home equity line of credit can be used on an as needed basis. When you draw off your line that's when the interest starts otherwise you pay no interest! For consumers with credit scores over 740 we offer a Home Equity Line at prime minus 0.10% or currently just 5.15%. You must open a line with a minimum of $150,000 to obtain this rate. This is a no closing cost line of credit. If you prefer to have a lower rate and pay closing costs we offer that as well. Call me to apply today. 414-416-9194