Home Equity Line of Credit (HELOC)

Your Home, Your Credit Line

A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your home. It offers lower interest rates than credit cards and personal loans, with flexible borrowing and repayment options during the draw period. Ideal for home improvements, debt consolidation, or unexpected expenses.

Lower Interest Rates

Typically lower than credit cards and personal loans, making it a cost-effective borrowing option.

Flexible Access to Funds

Borrow only what you need, when you need it, similar to a credit card.

Interest-Only Payments

During the draw period, you can opt to pay only the interest, which can help manage cash flow

Potential Tax Benefits

Interest paid on a HELOC may be tax-deductible if used for home improvements (consult a tax advisor for details).

High Loan Limits

Access to a significant amount of credit based on your home equity.