Oxford Bank - Banking Services Guide


Take your home’s equity further with Oxford Bank’s Home Equity Lines of Credit (HELOCs). Homeowners can use these funds as a more cost-effective way to pay for renovations, vacations, debt consolidation and other expenses. Keep your budget and dreams in line with a HELOC. • Competitive financing for ongoing or seasonal needs: 1 • Education expenses • Major life events • Home improvements • And more! • The existing equity in your home is used as collateral • Funds available anytime without reapplying • Revolving credit – as principal is repaid, more becomes available for use • Accommodating repayment terms that work uniquely for you • Processing fee waived with minimum $500 depository relationship (Mortgage Subordination Fee may also apply) • No points • No prepayment penalty • $50 annual fee • Interest paid may be tax deductible 2 • Local decision-making and processing • Helpful loan advisors to guide you every step of the way Visit oxfordbank.com or give us a call at (248) 628-2533 to learn more and get started on your application today!

1 Applicant must carry insurance on the property that secures a Home Equity Line of Credit. 2 Consult a tax advisor. All loans are subject to credit approval. Other terms and conditions may apply.

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