Borrowing against your own funds has its advantages:
Accessing the line is easy; simply write a check or transfer funds to your Texas
Security Bank checking account and use the cash for just about any purpose. This
might be appropriate when your borrowing needs vary over time, or if you want to
be able to quickly access funds for emergency purposes. The interest expense is
typically tax-deductible (Consult your tax advisor concerning interest deductibility).
Texas Security Bank's Home Equity Line offers the following features:
- Generous draw period
- 15-year post draw period with an amortized fixed rate
- You may be able to borrow against the available equity in your home, up to 50% of the value of your homestead property
- You may be able to borrow up to 100% of the available equity in your non-homestead property
- No or low closing cost. * loans in excess of $100,000 may incur title and or appraisal fees
- Convenient access checks available
- Minimum draw amount of $4,000
- Great variable rates with the option to fix your rate and payment on carried balances
For more information or to speak with a banker please call us at 214-571-9595.
All loans and lines of credit are subject to credit approval, verification, and
collateral evaluation.