Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit or a HELOC is a line of credit on the existing equity in your home.  The line of credit is revolving, so as principal is repaid, more becomes available for use. A HELOC is a great resource for major home improvements or as an emergency reserve.

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