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Presenting F&M’s Value Line, An Individual Line Of Credit Based On The Equity In Your Home. 'I nil »M' y « iwiiy wi y* -■ the equity m mir lion** ttveafnWisH a fine of credit at Farmers & Merdiants. Ail individual liiK*of credit - called ' alue lane - with a minimum line of credit , of $5.1)00.
Once you qualify, you ran dniw on your Value Line of credit (minimum $300) simply by using a check from your regular checking account, writing a speci;il Value Line check (we’ll provide the checks free) or notifying a loan officer at the bank.
You can use the money for whatever you need, whenever you need it.
Hie interest rate you pay is lower than most home equity and other personal loans - just 1 Vi% above our commercial business rate. The rate, as you may know, can change from month to month.
Payments? Value Line works just like a revolving charge account. Your minimum balance payment - 2# of your outstanding balance or $50,
64.8%