Home equity line of credit
Use your home’s equity to qualify for a Home Equity Line of Credit and you can have flexible spending power anytime you need it! When you apply for a Home Equity Line of Credit, you’ll be approved for a total dollar amount based on the equity in your home. Then, when you need extra cash, you can write checks from the line of credit or transfer funds from your Line of Credit (up to your credit limit) right into your checking account – no questions asked!
Best Choice If:
Low monthly payments.
Interest only payments.
Variable rates that can change monthly.