Personal Banking · Loans ·
Home Equity Lines of Credit (HELOC)
With a Home Equity Line of Credit, you have access to your loan at any time and can advance the money you need, when you need it. A HELOC usually has lower interest rates, higher credit limits, and flexible repayment schedules. Plus, you’ll only pay interest on the amount you use.
What is a HELOC?
Home Equity Lines of Credit are revolving credit lines secured by your primary residence. With this variable-rate loan, you can draw money as you need it and only pay interest on the money you draw.
HELOC funds can be used in a variety of ways, including:
- Remodeling & home improvements
- Personal, family, or household needs
- Consolidating high-interest debts or medical bills
- Financing the purchase of a second home