Home Equity Lines of Credit
Our flexible home equity line of credit can work for you today and in the future, if you're looking to:
- Make home improvements
- Consolidate debt
- Pay educational expenses
- Finance major purchases
- Be prepared if important or unplanned expenses arise
- Payment choice: Choose between principal and interest or interest-only payments.
- Potential tax benefits: Unlike personal loans or credit cards, the interest on your home equity financing may be tax deductible.
- The interest-only payment option is available only at the time you open your account.
- While an interest-only plan may provide a lower monthly payment, your principal balance is reduced only when you make voluntary principal payments during the interest-only period.