What is an Integra HomeLine?
An Integra HomeLine is a revolving line of credit based on the available equity in your home and other qualifying criteria. This may be right for you if you want access to your money over time, for expenses like ongoing home improvements or tuition payments.
Features and benefits
- Variable rate
- A home equity line of credit from Integra Bank is available with no closing costs.
- During the revolving period of your line, the money is there when you need it.
- In most cases, interest is tax deductible.*
- Access your credit line anywhere MasterCard is accepted and at ATMs using your Integra HomeCard. Every transaction appears on your monthly HomeLine statement.
- Enjoy the added convenience of personalized HomeLine checks.
- Overdraft protection for your Integra checking account at no additional cost.
What is an Integra EquityLoan?
An Integra EquityLoan is a loan based on the available equity in your home. Make budgeting easier with a simple fixed payment amount and you get the entire amount in a single lump-sum payment up front, which is good for large, single investments or expenses.
Features and benefits
- Available as a fixed-interest rate loan.
- Your choice of payment method: by coupon book or by automatic deduction from your checking or savings account.
- In most cases, interest is tax deductible.*
Which type of financing is best for you?
HomeLine |
EquityLoan |
|
Ideal uses |
Ongoing home improvement project, financing education, consolidating debt, vacation expenses, buying large ticket items or financing adoption |
Large home improvement projects, financing education, paying off high interest rate credit cards or financing adoption |
Monthly Payment |
Interest only up to 80% loan-to-value |
Fixed amount for entire term of loan |
Access to Funds |
Write checks as you need or use Integra HomeCard (MasterCard®) to pay for purchases |
Disbursed in one lump-sum |
Tax deductibility |
Interest may be 100% tax deductible* |
Interest may be 100% tax deductible* |
Equal housing lender. Subject to credit approval *Consult your tax advisor.
