Home Equity Line of Credit1
Whether you’re planning for recurring expenses—like a contractor’s bills or tuition payments—or keeping credit available for unexpected expenses, a Home Equity Line of Credit (HELOC)1 lets you borrow against the equity in your home and use it when you need it.
- Use your line of credit as often as you like for any amount up to your credit limit
- Pay interest—which may be tax deductible2—on only the actual amount you’ve used (not your total HELOC limit)
- Simply transfer funds from your HELOC to another account—or write a HELOC check or use your Visa® Platinum Home Equity debit card