The
SpencerFlex Line of Credit -
the ultimate in borrowing flexibility
This loan gives you maximum borrowing flexibility. Simply write yourself a loan from your own special credit line checkbook whenever you need it! As with other revolving credit plans, monthly repayment is based on the balance in use. As you make payments to reduce your balance, these funds become available over and over again up to your line of credit.
Our SpencerFlex Home Equity Line of Credit is ideal for people who borrow and repay large amounts of money over short periods of time and are willing to take some amount of interest rate risk. Spencer Savings Bank offers an excellent variable rate, which is subject to change monthly and is restricted by a low lifetime cap.
SpencerFlex also has a conversion option, which
enables you to lock in the rate of all or a portion of your
balance when you feel the time is right. |
