Home Equity Line of Credit

Thankfully, your home is sturdy and strong. But it can be flexible too. By establishing a revolving home equity line of credit (HELOC), you can have immediate access to funds whenever you need them.

Your equity secures the low-rate loan. But rather than receive it in a lump sum, a credit line is established. Only pay interest on what you use, and re-access it as needed without re-applying. For icing, that interest may be tax deductible.

Summary

• Amount based on equity in home
• Only pay interest on what is used
• Access anytime; no need to re-apply
• Easy access to funds online, by phone, by check, or in person
• Can be used for most any purpose
• Security in knowing funds are always available
• Interest is typically tax deductible*
• Local decision-making
• Fast decisions and easy process

*Consult a tax advisor.