Home Equity Line of Credit
Sometimes you need to stay flexible. Lines of credit can help.
A line of credit is a simple financing tool built around flexibility. Instead of giving you a lump sum of money to spend, it keeps money available for you to draw on whenever you need it. It’s perfect for projects and purchases where costs can be unpredictable. As long as you don’t go over your limit, the money will be there to pay for whatever you need.
As long as you are comfortable with potential interest rate fluctuations, lines of credit can give you just what you need to fund home improvement projects, new furniture or technology. They can also help you prepare for the unexpected, including being able to take advantage of good opportunities when they come up.
Home Equity Line of Credit
This line of credit is secured by the equity you have in your home. It typically carries a low-interest rate and offers the added flexibility of giving you periods when you pay interest only and other periods when you pay principal and interest together.
