The Hancock Home Equity Line of Credit is ready when you are. Use it to install new windows, add a sunroom, pay off debts or buy a car. It offers special low introductory rates. Plus, the Hancock Home Equity Line is flexible. During the revolving period of your line, you have the option to set aside a portion of your balance and repay it like an installment loan with a fixed monthly payment. It’s perfect for making a large purchase or consolidating high-interest debt.

Home Equity Line of Credit
Rates

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The Hancock Home Equity Line of Credit is a powerful financial tool that gives you access to your equity when you need it. You can access available funds now and in the future without reapplying.

  • Little to no closing costs for lines of $250,000 or less.**
  • Borrow up to 90% loan-to-value.
  • Convenient access in person or by check.
  • Link to your Hancock personal checking account for overdraft protection.
  • Interest may be fully tax deductible. Consult your tax advisor.

Plus, the line is flexible. You can adapt to changing interest rates without refinancing. During the revolving period of your line, you have the option to set aside a portion of your balance and repay it like an installment loan with a fixed monthly payment.

 
 
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*Offer is limited to new lines, not available on refinancing of existing Whitney or Hancock Bank debt, and requires a mortgage on an owner-occupied 1-4 family dwelling with a minimum lendable equity of $10,000 and a maximum loan-to-value of 90%. Property insurance is required. Rescission rights may temporarily restrict availability of funds.

Following the introductory period, the Home Equity Line annual percentage rate (APR) is based on The Wall Street Journal Prime Rate (the "Index") plus a margin ranging between 0% and 1.25%. The APR will vary but will not exceed 21% in AL/MS or 18% in FL and will never be less than the 3.99% floor rate. Based on the 7/01/14 Index value of 3.25% and a typical margin of 0.50%, the formula that will be used for subsequent monthly rate adjustments would result in a current APR of 3.75%. However, due to the floor rate, the APR will never be less than 3.99% floor rate. Repayment options vary based on creditworthiness. See a banker for details.

**The bank will pay most closing costs on lines of $250,000 or less and up to $500 in closing costs for lines over $250,000. Closing costs typically range between $261 and $2,150. Waived closing costs exclude: AL - Mortgage Recording Tax; FL - Documentation Stamp Tax and Intangible Tax. If you voluntarily cancel your line within 12 months of opening, you will reimburse to us the nonaffiliated third-party closing costs that we have paid up to 2% of your credit limit.

This is a limited time offer and may not be combined with other discounts. Subject to credit approval; other terms and conditions apply. Information is subject to change without notice.



Easy Online Application
Easy Online Application.

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