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A Home Equity Line of Credit (HELOC) is a revolving, variable-rate line of credit that uses your home as collateral. You can use the money whenever you need it and you’ll pay interest monthly.

Our capabilities include:

  • Lower your monthly payments. Home equity rates can be lower than credit card rates, so you can decrease your monthly payments and save money on the interest you pay
  • Save on taxes. The interest you pay on a HELOC may be tax deductible, while credit card and auto loan interest payments are not. We encourage you to consult your tax advisor about the deductibility of interest.
  • Manage your accounts online. Manage your HELOC anytime, day or night. With online access you can schedule transfers, see account activity and request account alerts.

More To Know

A $50.00 application fee and documentary stamps are generally assessed on all installment loans. The bank offers no-cost home equity lines of credit for amounts up to $250,000.00. Borrowers are provided with a credit of up to $3,500 to pay closing costs for home equity lines greater than $250,000. See the appropriate HELOC and Adjustable Rate Mortgage for additional terms and conditions.