Home Equity Line of Credit
Borrow from the equity in your home to finance projects or cover other expenses.
How it works: A home equity line of credit allows you to draw the amount you need, as you need it, from your approved credit line.
- Access funds as needed
- Floating loan rate may be lower than rates for other types of credit
- Flexible monthly payments
- Interest only payments for up to 10 years
- Consult tax advisor regarding deductibility of interest
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