Home Equity Line of Credit
Give you and your family maximum flexibility with a home equity line of credit (HELOC). Once approved for your credit line, you can use it when you need it. Re-access the funds when necessary without reapplying. Unlike a term loan, where you pay interest on the entire amount, with a HELOC you only pay interest on what you use, and that interest may be tax deductible.
- Summary
- Low-rate credit line
- Pay interest only on what you use
- Interest may be tax deductible*
- Re-access without reapplying
- Based on home's market value and outstanding principal
- Local decision-making
- Committed personal service
- Easy application process
- Available for wide range of purposes
- Access funds via check, debit card, online, or in-person
*Consult a tax advisor.
