Home Equity Line of Credit (HELOC)

Unlock Your Home's Potential!
Family of four at home

Thinking about Upgrading?  Utilize a Home Equity Line of Credit. 

 

What is a Home Equity Line of Credit or a 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.

How can I use a Home Equity Line of Credit?

Major home improvements
Emergency reserve
And much more
 

                                                      Closing Costs:

                                                           Closing costs are typically $700-$1300 including the appraisal and attorney’s fee. 
 
 
 

Additional Benefits:

  • The existing equity in your home is used as collateral backing
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • The interest paid might be tax deductible1.
  • Set up automatic payments to be deducted from your account monthly
  • Friendly, professional service from start to finish




 1Consult a tax advisor.

Loan approval subject to credit and collateral qualification. Additional limitations may apply.