For several years, you can borrow as needed, making interest-only payments. Once the draw period ends, you’ll start repaying both the principal and interest. You can use a HELOC for things such as home renovations, debt consolidation, education expenses, business funding, emergency expenses and more.
Unlock Your Home Equity
with a HELOC
100% Online Application – Apply in minutes from anywhere.
Flexible Use – Spend on home renovations, education, business, or debt consolidation.
Competitive Interest Rates – HELOCs often offer lower rates than personal loans or credit cards.
How Does a HELOC Work &
What Can I Use it For?
Lower Interest Rate
HELOCs often have lower interest rates than credit cards.
Flexible
Spending
A HELOC can be used for a variety of reasons. You can address a wide range of financial needs.
Borrow as
Needed
For several years during the draw period, you can take out money while making interest only payments.
Tax Deductible
Interest
Interest payments can often be deducted from your taxes (please consult a tax professional).
HELOC Eligibility
Requirements
