Home Equity Line of Credit

Flexible Access to Your Home's Equity

A Home Equity Line of Credit (HELOC) gives you access to a revolving line of credit secured by your home's equity.

Instead of receiving one lump sum, you can borrow only what you need, when you need it.

How Does a HELOC Work?

A HELOC allows you to borrow against the equity in your home through a revolving line of credit.

If you currently have a mortgage, a HELOC is typically established as a second mortgage behind your existing first mortgage.

If your home is already paid off, a HELOC can also be established as a standalone lien, allowing you to access your home's equity without refinancing or obtaining a traditional first mortgage.

This flexibility gives you access to funds when you need them while keeping your borrowing options open.

Why Choose a HELOC?

Borrow as Needed
Access funds throughout the draw period and use only the amount you need.

Flexible for Ongoing Expenses
A HELOC can be a great option when costs are spread out over time or when you're not sure exactly how much you'll need.

Interest-Only Payments During the Draw Period
During the 10-year draw period, you’re only required to make interest-only payments on the amount you've borrowed., keeping your payment affordable.

Long-Term Access
Enjoy a 10-year draw period followed by a 10-year repayment period.

Common Uses for a HELOC

A HELOC may be a good fit for:

  • Home improvement projects completed in phases

  • Ongoing renovations

  • Vacations

  • Education expenses

  • Emergency funds

  • Future planned expenses

Home Equity Loan or HELOC?
A Home Equity Loan may be a good fit if you:

  • Know exactly how much you'll need

  • Have a large expense due at one time

  • Prefer a fixed rate and fixed payment

  • Want the predictability of a traditional second mortgage


A HELOC may be a good fit if you:

  • Expect expenses over time

  • Want ongoing access to funds

  • Need flexibility in how and when you borrow

  • Want a revolving line of credit secured by your home's equity

Not sure which option is right for you? Our mortgage team can review your goals and help determine whether a Home Equity Loan, HELOC, or Cash-Out Refinance is the best solution for your situation.

Let's Explore Your Options

Talk with our mortgage team to learn more about using your home's equity.

Apply Now

Contact Our Mortgage Team

Schedule an Appointment