On average, your funds will be available within 14 days.
Use a previous nbkc home appraisal within 6 months for your nbkc HELOC appraisal.
A home equity line of credit (HELOC) borrows against the equity you have built up in your home. It’s a revolving line of credit meaning you draw from it as you need it throughout a draw period that typically lasts several years.
You may be sitting on more cash than you realize. Let’s estimate what you’re working with — no strings attached.
* Important information about our HELOC calculator:
Final home value to be determined by nbkc bank appraisal. The sample information provided in this calculator is for informational, educational, and entertainment purposes. Hypothetical illustrations do not guarantee historical or future results. It is the responsibility of the borrower to evaluate loan offers and associated risks or rewards of each product.
Calculate your monthly payment with our HELOC calculator.
At nbkc, there is an early termination fee of $500 if the HELOC is closed within 36 months.
Nope. It’s a revolving line of credit taken out against the equity you’ve built in your home. We do offer Closed-End Second Mortgages if that’s something you’re interested in.
A CES loan taps into your home equity without touching the rate on your first mortgage.
This is different from a HELOC in that you:
If you’d rather apply for that, apply here.
We review all credit applications. Here are some general guidelines to keep in mind for the best chance of qualifying:
Yes, it does. Which is why it’s important not to overextend yourself when figuring out your payments.
Yes. If you were to do it, we’d recommend doing it before the draw period ends.
Could be. It depends on what you use it for. We defer to the IRS here.
There are two periods of time for a HELOC.
The Draw Period - the time you can borrow up to your credit limit and make minimum interest payments. Typically 10 years, but could be shorter.
The Repayment Period - the time after the draw when you need to repay the remaining balance. Typically 10 to 20 years.
Are you ready to learn how you could access cash your house is sitting on?
1APR = Annual Percentage Rate. Offer is not available in the state of Texas or in Puerto Rico, Guam, US Virgin Islands, American Samoa, or Commonwealth of the Northern Mariana Islands. Loan approval and loan amount is subject to underwriting, credit qualifications and bank-determined property value through a desktop appraisal. Property ownership and property type restrictions may apply. nbkc bank does not offer HELOCs for second residences. Rates and offer may change or be discontinued at any time and without notice. Rates are based on the Prime Rate published in the Wall Street Journal plus margin but will never exceed 18% APR. Rates as of 12/09/2024. Consult a tax advisor regarding the deductibility of interest. nbkc bank customers are eligible for bank-paid third-party fees up to $1,000. Borrowers must pay all third-party fees exceeding $1,000 at closing. If a HELOC is modified or refinanced, the borrower does not qualify for bank-paid fees or the introductory rate. The introductory rate is given once per the life of loan on a residence. Minimum loan amount of $25,000.
3Federal Reserve as reported by Forbes , as of September 2024