Home Equity Loans & Readicredit Lines

The Bank offers both Home Equity Loans and Readicredit Lines. These convenient products let you borrow against the equity in your home.

Readicredit our Home Equity Line of Credit
Enjoy the freedom of flexibility with fixed rate - lock options, Visa credit cards and on-line account management. A Home Equity Line of Credit (HELOC) allows you to borrower a maximum sum of money and makes your home work for you. A HELOC is different from a Home Equity Loan in
that you don’t have to use all the money up front. You pay for what you need only when you need it. Now that is Smart Banking!

	• Rates as low as Prime**
	• Access funds with a Visa card or convenience checks
	• Ideal for bill consolidation, remodeling, tuition or any other need
	• No closing costs***
	• Unlike other types of loans, the interest may be tax deductible (consult your tax advisor)
	• Rates that can be locked for up to 10 years
	• Annual Fee waived for the first year

Home Equity Loan
Looking for a stable way to borrow money with a fixed monthly payment? With a Home Equity Loan one may use the equity in their home as collateral, help finance major home repairs, medical bills or a college education. The benefits of a Delaware County Bank & Trust Home Equity Loan include the following...

	• Flexible low cost way to cover life’s many expenses
	• Competitive rates with a variety of terms
	• Stretch your payment over 20 years*
	• The interest may be tax deductible (consult your tax advisor)
	• Reduce your interest rate by 0.25% with Automatic Payments from your DCB&T checking
	• Variable Rates

*The monthly payment on $25,000 for 240 months borrowed at 7.50% would be $202.54.

** Rate is based on Prime (Prime is the Wall St. Journal Prime Rate). As of 4/14/2009 the current Prime-one rate is 3.25%. Rates may vary.

***Annual fee of $50.00 will be charged at the end of the second year.