Home Equity Loans
Turn what’s already yours into what’s next.
You may be sitting on more cash than you realize. Tap into your home equity and use your funds as you need them – no restrictions.
- Secure funds & great rates.
- Quick, simple transfer of funds.
- 7-year Interest-only draw period.
- Don’t sweat extra fees–there are none.
Strong foundations are flexible ones.
Home is where the cash is.
In a pinch, you can cash out your home equity and get the funds you need. Pair that with an introductory rate of 1.99% for the first 6 months, and you’ve got one heck of a deal.
Built-in “what if” funds.
Homeownership is a journey, and sometimes that journey has twists and turns you weren’t expecting. Home equity is there for you when you need it, as you need it. Now that’s peace of mind.
Finance as you fancy.
Some call it a HELOC – we call it financial flexibility. Consolidate debt, turn a dated master bath into an in-home oasis – whatever you please, make it happen. Just take what you need, no restrictions.
Hit the ground running.
- Apply in minutes, get funds fast
- Only pay interest on what you use
No red tape, just a couple must-haves.
- Must be a Kansas City Metro resident
- Must have a good personal credit score
Rates change. Reviews are forever.
〝I feel like I’m a person with nbkc. With other banks I’m just an account number and my name is in a big bucket, and I don’t have anyone who is invested in me and my business.〞
〝It’s more about people interacting and conducting business than with a machine. I cannot do my job without interacting with people.〞
〝If I have something that I need nbkc to do, they get it done quickly so I can check it off my list and can get back to other things that have to do with our business.〞
FAQs
There are plenty of ways to put a HELOC to good use. Here are just a few to get the wheels turning:
- Home improvements. Use your HELOC to pay for ongoing projects that increase the value of your properties — interest payments can be tax deductible.
- Medical expenses. Take advantage of HELOC’s low interest rates and flexible repayment terms for large or ongoing medical expenses.
- Tuition or education costs. Lower interest rates and flexibility in ongoing spending make HELOC a great alternative to student loans.
- Starting a business. Ready to make those ice cream shop dreams a reality? HEOC offers lower interest rates than a small business loan and flexible spending works for start-up launch costs or acquiring a new venture.
- Debt consolidation. Tackle all of your outstanding high-interest loans or credit card debt in one swoop with a HELOC, and find relief with interest-only payments during the draw period.
- Large purchases. Hey, it’s your HELOC — spend it how you want, no restrictions.
Not quite. A line of credit is a revolving loan, and it’s the most flexible cash-out option for tapping into home equity. You borrow just as much or as little as you need.
There are other options for nbkc mortgage customers to tap into the equity they’ve built up, including a closed-end second mortgage or refinancing.
If you’re not sure which lending tool is right for you, give us a shout. We can answer any questions you may have and point you in the right direction.
Still scrolling?
If you’re ready to learn more, let’s get in touch.
Loans are currently only available to borrowers in the Kansas City metro area.