Needing money for a home improvement project, medical bills or just day-to-day living? A home equity line of credit is a form of revolving credit in which your home serves as collateral. It will provide you with a source of funds that you can draw on as needed.
Because a HELOC is a line of credit, you make payments only on the amount you actually borrow, not the full amount available. Go ahead and take advantage of the equity in your home today!