Home Equity Examples

Home Equity Loan Example

Home Equity Line of Credit Example

Home Equity Lines of Credit cannot exceed 50%
of appraised value of property.

*Under Texas law, you can have either a home equity line of credit or a loan secured by your homestead property, but not both at the same time.

† Consult your tax advisor regarding deductibility of interest.
* All loans subject to credit approval.
** Maximum loan to appraisal value cannot exceed 80%. Broadway Bank must receive a valid first or second real estate lien under Article XVI, section 50(a)(6) of the Texas Constitution on a primary residence occupied by the owner/borrower. Property insurance required including flood insurance where applicable. Certain other conditions apply.