What is OptionLine?
A home equity line of credit allows you to leverage the value of your real estate to gain repeated access to a set amount of funds. Unlike a loan, a line is not a lump sum amount with a fixed term (start and end date); instead you can draw cash as you need it and pay interest only on the amount you use.
Your OptionLine begins as variable rate line of credit. As you draw from your line, you can lock5 in balances at a fixed rate and fixed monthly payment up to three times. You can use the remaining portion of the line for future needs.
OptionLine is affordable and convenient:
Whatever you need, we have a way to help. We offer competitive rates and a professional staff that can help you decide which lending option best suits your financial needs. Whether you need a vacation, wish to renovate your home, pay off existing bills or for other reasons large or small, the choice is easy... a line of credit or loan from The Columbia Bank!