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

Features

  • Be prepared if important or unplanned expenses arise

Benefits

  • 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.

Considerations

  • 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.