Like a home equity loan, a Home Equity Line of Credit (HELOC) lets your home work for you. It can be used for whatever you need, whenever you want, simply by writing a check.
- Flexible repayment terms
- Set time period which you can borrow against your line
- Secured by the equity in your home
- Rate is typically lower than most other loans
- Interest may be tax deductible (Consult a tax advisor regarding the deductibility of interest)
- Use for home improvements, educational expenses, debt consolidation, or major purchases
Contact a loan officer at your nearest branch location for more details.