Do you own a home and need money for home improvements, education expenses, or a special vacation? Why not put your home to work for you with a Home Equity Line of Credit (HELOC) or Home Equity Loan.
Using the equity in your home is a smart way to borrow. You have the advantages of a lower rate than a personal loan, and the interest may be 100% tax deductible.*
* Check with your tax adviser for possible tax benefit.
HELOC (Home Equity Line of Credit)
A HELOC is an open-ended loan that allows you to draw on your funds when you need them. As you pay back the loan, that money in the line of credit becomes available again for future use without having to reapply. A HELOC is perfect for an emergency fund, last-minute projects, or paying large expenses like home remodeling projects, college tuition, or bill consolidation.
Home Equity Loan
Borrow a fixed amount and repay it over fixed a period of time. You can also make payments quickly and easily through Online / Mobile Banking.