Great rates. Flexible Options.Get Started
This estimate assumes the interest rate does not change during the term.
As a homeowner, you can tap into the equity you’ve built to help you finance home renovations and repairs.1 If you’ve been planning to update your kitchen, add on to your home or build an outdoor oasis in your backyard, using a Home Equity Line of Credit could help you turn your vision into reality.Get Started
If you are working to pay off multiple debts, using the equity in your home could be a good option to help you consolidate your payments. Especially if your other debts – like student loans and credit cards – have a higher interest rate. Using a Home Equity Line of Credit to consolidate your debt could help you save on the amount of interest you pay and help you simplify your payments into one.Get Started
If you have built up equity in your home, you can use it to help you with life’s big purchases, like new cars, vacations, or an unexpected emergency. With a Home Equity Line of Credit, you can use the equity you’ve built in your home to help you.Get Started
What to expect when applying for a home equity loan or line of credit.
Complete an application for a Home Equity Line of Credit. To get started, talk with a South State banker in one of three ways:
Provide additional documentation outlined here:
A local banker will review your completed application and contact you with any additional questions within two business days.
A HELOC is a revolving line of credit secured by your home, allowing you to access the available equity you have in your home. The amount you borrow is based on the difference between the debt secured by your home and its market value. With an equity line, you can borrow as much or as little as you need, whenever you need it, up to a credit limit established at closing. As you repay your outstanding balance, the amount of available credit is replenished, which means you can borrow against it again, if needed.
In addition local decision making and personalized service, you also receive:
1.APR means Annual Percentage Rate. Promotional rate of Prime (3.25%) + 0.00% APR is the lowest rate available which includes a discount for auto debit from a South State Bank checking account. Prime Rate is The Wall Street Journal Prime Rate (3.25% effective August 31, 2015). Prime Rate is variable and subject to change. Floor of 3.25% APR. Maximum APR is 18%. This offer applies to loan amounts of at least $15,000, and not to exceed $250,000. A minimum advance of $10,000 is required at the time of closing. Estimated closing costs on a $15,000 home equity line of credit are $700.00 and are applied to appraisal and attorney fees. Insurance requirements will apply. Promotional rate effective as of May 4, 2015. Georgia customers will receive a maturity of 35 months. Member FDIC.
2. Georgia customers will receive a maturity of 35 months. Member FDIC.
3. Consult your tax advisor