Home Equity Line of Credit
A home equity loan might be best for a specific need, but a home equity line of credit (HELOC) gives you maximum flexibility.
You are pre-approved for a credit line that you can use anytime you need without hesitation. There's no interest until you use the funds, and it is only charged on the amount you use.
- Summary
- Variable, competitive rates
- Funds not distributed as one lump sum
- Only pay interest on what you use
- Interest is typically tax deductible*
- Access funds as needed
- Immediate access without re-applying
- Funds can be used for any purpose
- Automatic payment options
- Online account management
*Consult a tax advisor.
