Flex+ Revolving Line of Credit

This line is based on the same principle as our Primeline, with one additional provision: during the draw period, you may transfer all or a portion of the outstanding balance of the base account to a fixed-rate loan.  The interest rate for the fixed-rate loan will be the interest rate in effect at that time for a fixed-rate loan.  As an added convenience, you may also select the term to repay the fixed-rate loan.

• The minimum loan amount is $10,000
• Variable annual interest rate for the line of credit: The highest Prime rate as published in the Wall Street Journal on the last business day of the month. Interest rate is based on Prime + 0% for the life of the loan (interest rate may change on a monthly basis)
• When the oustanding balance is transferred to a fixed-rate loan, the interest rate will be the interest rate in effect at that time for fixed-rate loans 
• The interest on a home equity line or loan may be tax deductible. Contact a tax advisor regarding the deductibility of interest  

For more information, please call us at (607) 737-3739 or toll-free at (800) 836-3711 and ask to speak with a Home Equity Specialist. Or you can apply online.