Home Equity Line of Credit
Take control of your finances and make sure you're always prepared for future expenses. A Home Equity Line of Credit (or HELOC for short) can give you easy access to financing whenever you need it, without having to apply for a loan every time.
Like a home equity loan, a HELOC is based on your home's value. But instead of a lump sum, you're pre-approved for a certain amount that you can use as you need. You can access it anytime, and you don't pay any interest until you actually use it. In addition, interest paid is usually tax deductible!
- Summary
- Based on home's value
- Use funds for most anything
- Competitive variable rate
- Interest may be tax deductible*
- Local processing and underwriting
- Quick decisions
- Affordable payments (interest only payments)
- Personal service
- Experienced loan professionals
- Easy application process
*Please consult your tax advisor regarding the deductibility of interest.
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