Pnc equity line of credit

At Bills. While many of the products reviewed are from our Service Providers, including those with which we are affiliated and those that compensate us, our evaluations are never influenced by them. See PNC's website for full terms and disclosures. PNC does not provide home equity loans.

We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform and in what order.

Pnc equity line of credit

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. Most home equity line of credit, or HELOC, interest rates are indexed to a base rate called the prime rate. Offered margins depend largely on factors like your credit score, your existing debt and the amount you wish to borrow, but they will vary by lender. Current prime rate. Prime rate last month. Prime rate in the past year — low. Prime rate in the past year — high. A rate discount is available for borrowers who elect to make automatic payments from a PNC checking account. On the same day, we saw the lender advertise a rate of 8. Borrowers can apply online, in person at a PNC Bank branch or by phone. On the day we called, it took less than a minute to work through the phone system and reach an advisor familiar with the HELOC process. On its website, the lender also offers a live chat that we have found helpful and responsive.

As mentioned, PNC does not offer a standard home equity loan product. Rate discounts: A 0. Advertiser disclosure.

This major US bank offers only one home equity line of credit, but with both variable- and fixed-rate options. Emma Woodward is a personal finance writer with a passion for simplifying tricky financial concepts. When she's not helping you balance your budget, you can find her writing about real estate, food and restaurant tech. Outside the digital world, Marc can be found spinning vinyl, threading reel-to-reel tapes, shooting film with his Bolex and hosting an occasional pub quiz. CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover.

PNC is a good choice to look at for your home equity loan or line of credit. They are one of the few major banks we looked at which offer home equity loans as well as home equity lines of credit, which may be appealing to some consumers. The website is easy to use, but lacking in educational resources. PNC is one of the largest banks in the country. They offer a variety of ways to access the equity in your home, including home equity loans, home equity lines of credit, and the ability to use your equity to refinance your mortgage. As a result they are a good place to look if you are considering a home equity loan or line of credit. As with other banks, they are pegged to the prime rate and generally competitive. You will incur different fees based on the product that you select, along with your repayment period, draw period, repayment structure, and other considerations. However their loan officers were able to provide enough information without filling out an application that customers can get a good general sense of how much their home equity loan or home equity line of credit will cost them in the end. You can also get a discount on your loan or line of credit if you sign up for direct payment from a PNC checking account, which makes them extra appealing to individuals who already bank with PNC.

Pnc equity line of credit

This major US bank offers only one home equity line of credit, but with both variable- and fixed-rate options. Emma Woodward is a personal finance writer with a passion for simplifying tricky financial concepts. When she's not helping you balance your budget, you can find her writing about real estate, food and restaurant tech. Outside the digital world, Marc can be found spinning vinyl, threading reel-to-reel tapes, shooting film with his Bolex and hosting an occasional pub quiz. CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid. PNC Bank has been in business for more than years, providing personal and commercial banking services to its more than 12 million customers. The Pittsburgh-based financial institution is the sixth largest bank in the US.

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Borrowers can apply online, in person at a PNC Bank branch or by phone. PNC provides a home equity calculator tool that interested borrowers can use to estimate the amount they might qualify for before applying. For home equity questions, current PNC customers can call PNC may ask for supporting documentation, including a driver's license, income tax returns, W-2, and bank statements. PNC Bank does not offer a home equity loan, but cash-out refinancing is available. You can apply online, over the phone or at a branch. PNC Bank also pays certain closing costs on your behalf. Table of Contents. These fees are not consistent among lenders, and you may be able to find a lender that charges fewer fees or none at all. Its retail banking services include in-person banking at its 2, branches, as well as ATMs and online and mobile banking options. Emma Woodward is a personal finance writer with a passion for simplifying tricky financial concepts. Article updated on Nov 21,

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own.

The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. It's pretty simple, actually. Credit Score. The only other fee you may have to pay is when using the fixed-rate option. Cons Not available in all states. Primary Mortgage Origination Satisfaction Survey. In most of the states PNC services, you can borrow up to Estimated rates for either type of loan are available to borrowers who prequalify. A longer repayment term does mean paying more in interest total, however. The options will show:. Tennessee is an exception; the maximum repayment term is 20 years.