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.
- 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
Contact one of our Portfolio Bankers
Portfolio Banker
Hibbing
218.231.8974
NMLS #651154
Portfolio Banker
Mt. Iron
218.735.3768
NMLS #779331
