Home Equity Line of Credit (HELOC)

Access funds purchase-by-purchase, without having to reapply. Plus, only pay interest on the portion you use. A home equity line of credit, HELOC, works just like a home equity loan, only instead of accumulating interest on the larger sum you get precisely the right amount.


Borrow as need be, and spend as you see fit — up to a loan value that's based on the equity built in your home!

Summary
  • Low, competitive rates
  • Choose between interest-only or principal and interest payments
  • Interest may be tax deductible*
  • Funds available for any purpose
  • Re-access as needed without re-applying
  • Local decision-making
  • Personal service
  • Explore the Home Equity Loan section of the Financial Answer Center

*Consult a tax advisor.

EVB Lenders are registered with the National Mortgage Licensing System (NMLS). For more information, go to www.nmlsconsumeraccess.org.

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Home Equity Line of Credit (HELOC)