Why Choose a Home Equity Line of Credit?
- Competitive rates
- The existing equity in your home is used as collateral backing
- Flexible repayment terms that work uniquely for you
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, more becomes available for use
- Funds easily available
- The interest paid might be tax deductible1
- Set up automatic payments to be deducted from your account monthly
- Local decision-making and processing
- Friendly, professional service from start to finish
How can I use a Home Equity Line of Credit?
- Major home improvements
- Emergency reserve
- And much more
1Consult a tax advisor.