The Lowdown on HELOC Loans...
Need help financing a home remodel, a big purchase or the unexpected? Use a HELOC to take advantage of your home's equity.
Let the equity in your home work for you. Use a Home Equity Line of Credit1 (also known as a Home Equity Credit Line, or HECL) to finance a car, pay for education or complete those needed home improvements. Once established, your revolving line of credit is there for you when you need it without the need to reapply.
Benefits you should know about
Advantages
- Borrow a flexible amount and access cash without tying up assets.
- Get a lower interest rate than other loans because it's secured by your home.
- Use funds to remodel your kitchen, add on to your house or build a home office.
- Pay for education, cover unanticipated expenses or consolidate higher-interest debt.
- Access your credit line faster with loan decisions made and approved locally.
- Gain competitive rates, flexible loan amounts and accommodating repayment terms.
- Restore your revolving credit limit as you pay back the loan.
- View account details and make payments, and draw funds through Digital Banking.
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Call for Free No Obligation Financial Analysis
- Minimum 20% down payment
- Minimum credit score of 660
- No Income Documents Needed
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