Vacations, cars, weddings, tuition, jewelry, home improvement can all be possible with a Home Equity Line of Credit (HELOC). A HELOC utilizes your home's equity to provide a low-interest credit line. Once approved, use the funds as you need them for any purpose and pay interest only on what is used. The line is reusable up to the approved amount.
• Interest may be tax deductible*
• Local underwriting
• Local decision making
• Amounts ranging from $5,000 - $100,000
• Access to money whenever you need it
• Interest charged only on amount used
• Approved amount based on home's equity
• Funds available through checks and online banking
*Contact a tax specialist regarding the deductibility of interest and charges under the plan.