Home Equity Line of Credit
Put the equity in your home to considered use
A HELOC is a revolving credit line secured by your home. You borrow what you need, when you need it, up to an approved limit — and typically pay interest only on what you use.
How it works
Draw period
You can borrow, repay and borrow again during an initial period set by the lender.
Repayment period
Afterwards, the remaining balance is repaid over a set term.
Variable rates
Rates are usually variable and can rise. Your exact rate depends on credit, equity and lender terms.
Your home is security
Missed payments can put your home at risk. We'll walk through this carefully with you.
Equity estimator
Many lenders limit combined borrowing to around 80% of a home's value. This is an illustration, not an offer or approval.
Estimated equity you may access
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