Using the Value in Your Home
A Home Equity Line of Credit - This is a revolving loan with a variable rate. Like a traditional home equity loan, a line of credit taps into the equity in your home, but can be used on an ongoing basis. If you’re wanting to make continuous upgrades to your home, especially over a long period of time, a Home Equity Line of Credit (HELOC) is a more efficient way of managing your home’s equity.
A HELOC is an easy and affordable way to:
- Remodel your kitchen or bathroom
- Install solar
- Landscape your home
- Consolidate other debt
It is also a great "safety net" for life's unexpected emergencies.