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Home Equity Line of Credit
Enjoy the flexibility that a Home Equity Line of Credit offers.
- Simply write a HELOC check or use your Mastercard® Home EquityLine Card
- Purchases and advances are automatically added to your balance
- Pay interest on the funds you have used
- Maximum line of credit is $250,000
1 Required initial advance of $5,000.00. Minimum monthly finance charge of $0.50. If a new credit line is at least $20,000.00, but less than or equal to $250,000.00, Trustmark will waive all closing costs with the exception of any required surveys and appraisals on homes located on five (5) acres or more. Bank paid closing costs are limited to $500.00 in FL. Your credit limit will be based on the amount of lendable equity in your home. Some restrictions may apply. Trustmark may refuse this extension of credit based on other criteria. Before we approve you for a Home Equity Line of Credit (HELOC), we will review your credit report to confirm that you meet the criteria for this offer and that you have the capacity to pay. Subject to credit approval.
2 Custom Loan: Provides flexibility to lock designated advances into a fixed rate and term, while keeping available funds in the line of credit for future use. Rate and term determined at time of loan. No minimum loan amount. Maximum loan amount up to the available HELOC limit. The Custom Loan maturity must not exceed the maturity of the HELOC. The maximum number of Custom Loans within a HELOC is five. There is no fee for the Custom Loan option.