Home Equity Line of Credit

Access Your Home’s Equity Easily
Let’s Make Your Next Move Smarter
Benefits

Flexible Access to Funds
A HELOC gives you the freedom to borrow what you need, when you need it. You can draw funds, pay them back, and borrow again without reapplying, offering you ultimate flexibility.

Lower Interest Rates
Compared to personal loans or credit cards, HELOCs generally come with much lower interest rates, making them an affordable option for accessing the equity in your home.

Great for Home Improvements
A HELOC is an excellent choice for funding home renovations or repairs. You can use the funds to increase the value of your property while keeping your borrowing costs lower.

Debt Consolidation
Use a HELOC to consolidate high-interest debt into one manageable payment. With lower interest rates, you can save money while simplifying your finances.
Smart Use of Your Equity
Frequently Asked questions
A HELOC is a revolving line of credit that allows homeowners to borrow against the equity in their home. You can use the funds for a variety of needs, such as home renovations, debt consolidation, or other major expenses.
A HELOC gives you access to a set amount of credit based on your home’s equity. You can borrow, repay, and borrow again, much like a credit card. Interest is only charged on the amount you withdraw, making it a flexible option for managing your finances.
A HELOC offers flexibility by allowing you to access funds as needed, while a traditional loan provides a lump sum. Additionally, HELOCs typically have lower interest rates and can be used for various purposes, offering more financial freedom.
The amount you can borrow with a HELOC is based on your home’s equity, typically up to 85% of your home’s appraised value, minus any outstanding mortgage balance. Your creditworthiness and income are also factors in determining the loan amount.
With a HELOC, you typically make interest-only payments during the draw period, followed by principal and interest payments once the repayment period begins. However, the terms can vary depending on your agreement with the lender.