Making the Most of Your Assets
A home equity line of credit* lets you borrow against the equity you have built up in your home. It can be one of the smartest ways to borrow cash for anything you need to do. Cadence offers competitive rates, reasonable closing costs and the convenience of easy 24/7 access to your money. We make it easy by giving you up to $500 off closing costs and no application fees — plus the interest may be tax deductible**.
Ready to learn more? Contact a Cadence banker at a location near you or contact Mortgage Services.
Home Equity Line of Credit Resources
Home Equity Calculator
The Home Equity calculator shows how much money you can borrow using your home equity as collateral.
All lines of credit are subject to normal credit approval and underwriting processes.
*Cadence Bank pays customary closing costs up to $500 including credit report, flood certification, collateral valuation, property report, signing and recording services. To be eligible for a waiver of closing costs, you must take an initial draw of $10,000 or 100% of the line of credit if the line amount is less than $10,000. Customary closing costs do not include wire fees, title insurance premiums, or appraisal fees, if applicable. You must pay any difference between actual closing costs and costs paid by Cadence Bank. Typical closing costs on an equity line of credit range between $98 and $3,307. You also pay state taxes if applicable. Offer limited to owner-occupied, primary or secondary residences (manufactured homes are ineligible) in Alabama, Colorado, Florida, Georgia, Mississippi, Tennessee and Texas with combined loan-to-value (including the amount of your new line) of less than 80% based on property inspection or appraisal satisfactory to Cadence Bank. Cadence Bank must have a first or second lien position in your primary or secondary residence at closing. Cadence Bank may require a title and flood insurance policy, and you must provide evidence of hazard insurance coverage in an amount acceptable to Cadence Bank, which is at least equal to the lesser of 100% of the replacement guaranteed coverage, or the amount of this line plus any other outstanding lines or loans on the property.
**Consult a tax advisor to determine tax-deductibility of interest.