Home Equity Line of Credit

An Execuline home equity line of credit is a loan which allows you to use the equity in your house to establish an open-end line of credit.

Capitol Federal's Home Equity Lines of Credit:

• 7-year draw term with a 10-year repayment term
• Minimum monthly payment is greater of $50 or 1.5% of principal balance during the Draw Term. Amortizing payments during the repayment term
• Interest accrues only on the amounts you borrow, and at favorable rates
• No closing costs* and NO POINTS**
• Borrow up to 90% of the current market value of your home, less any outstanding mortgage balance (subject to maximum loan amounts)
• Convenient monthly statements that show all transactions and provide complete financial information, including your payment

4 easy ways to access your line of credit:

• By checks
• By Visa® access card
• By True Blue Online® transfer to a CapFed® checking account
• By cash advances at any CapFed location

Capitol Federal® also offers an interest only line of credit option that can be used as a swing or bridge loan to assist with the down payment on the purchase of a new home.  Monthly payments are interest only and the loan term is 12 months.

* Appraisal may be required at owner’s expense. 

**Please see loan rates for current interest rates, terms and additional information.

Loan information is subject to change.  Certain restrictions apply.