What is a HELOC?
A Home Equity Line of Credit (HELOC) acts like a credit card tied to your home's equity. You are approved for a maximum amount, and you can draw from it as needed, paying interest only on the amount you actually use.
If you secured a historic low rate on your primary mortgage over the last few years, a HELOC (or fixed-rate Home Equity Loan) allows you to get cash out without losing that amazing rate on your main balance.
Keep your low rate
Explore ways to access home equity without replacing an existing first mortgage.
Smart Uses for Home Equity
Home Improvements
Reinvest in your property with a kitchen remodel, pool, or addition to further increase its value.
Debt Consolidation
Compare whether using home equity for debt consolidation fits your goals, costs and risk tolerance.
Major Expenses
Fund college tuition, start a business, or cover unexpected medical bills efficiently.