Home Equity Lines of Credit
Need to make some home improvements? A big purchase? Consolidate your debt? Get a home equity loan line of credit from Summit Bank of Kansas City.
Home Equity Credit Lines secured by a mortgage on your home offer a low interest rate and feature monthly or interest-only payments, with easy access to your account with convenient checks.
Use your line of credit for*:
- Home improvements
- Medical expenses
- Life events such as a new baby or wedding
- Small business expenses
- Take a vacation
- Consolidate bills
- Buy a car, boat or RV
- Prompt credit decisions.
- Monthly statement of all transactions (if your line has a balance).
- Access your line of credit by writing checks or requesting advances by phone or in person.
- Possible tax advantages — interest on a home equity line of credit may be tax deductible** (consult a tax advisor).
*Subject to credit approval.
** Consult a tax advisor regarding deductibility