Equity Choice Line of Credit

QNB's Equity Choice is a home equity line of credit that offers unmatched flexibility by combining a line a credit and fixed rate loan into one – it’s the only loan you’ll ever need! You have the option to fix portions of your line of credit and as you make monthly payments your amount of credit is replenished and is available to borrow again. Equity Choice is a good option for borrowing money for various purposes over a period of time. Features include:

• Convenient Access - transfer funds directly from your Equity Choice to your QNB Checking Account via QNB-Online.
• Interest rate of 1/2% below the Wall Street Prime Rate with auto-deduction1 from your QNB Checking Account.
• Borrow up to 80% of your home’s equity.
• Minimum loan amount is $10,000.
• 20 year draw period.
• No closing costs on cash-out balances of $25,000² or more.
• One-time application, no need to reapply to fix portions.
• Fix Portions of your line of credit:
  • Fix up to two portions of your line per year (minimum amount $5,000)
  • Fix at any current fixed rate and term up to 15 years.
  • Fix fee of $75 (waived if fixed at time of loan settlement).
• You may be able to deduct the interest you pay on your Equity Choice from your Federal taxes (consult your tax advisor regarding your individual situation).
  

Apply Now

¹Without auto-deduction the rate is equal to the Wall Street Prime Rate. ²Closing costs of $150 apply for balances less than $25,000 cash-out at time of settlement.