line of credit with no points, no origination fees, and no closing costs. The product, called an Easy Access Home Equity Management Account, offers borrowers as much as $200,000 in a flexible revolving line of credit secured by a first or second mortgage on a primary residence. When the borrower pays down the balance, he or she can draw on the line of credit again without paying new origination fees. The line of credit has an adjustable interest rate and can have a loan- to-value ratio of up to 85%. Borrowers can use checks, a Visa card, or cash advances.

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