Pay less on interest every month with a lower interest rate
Make your goals happen faster with a home equity line of credit (HELOC). A HELOC lets you access your home equity to pay for home repairs, investment property, school, or whatever you want. Simply draw HELOC funds as needed and your payment will be based on the amount you borrow.
You could tap into your home equity with a cash-out refinance. But what if you already have a low interest rate on your mortgage? Consider getting a home equity line of credit (HELOC) instead. With a HELOC, you can hold onto your low mortgage rate and still access funds to pay for tuition, home renovations, high-interest credit cards, or personal loans.
A home equity line of credit (HELOC) is a popular option for accessing cash that can be used to pay down debt, make home improvements, cover tuition and more.
Buying a home? Did you know you can secure a mortgage on a new home while simultaneously opening a home equity line of credit? Doing so may allow you to:
Save on fees by getting a HELOC and a mortgage at the same time. Then, put your HELOC toward a higher down payment to avoid mortgage insurance or have funds available for renovations, new furniture, or another large expense. With the Piggyback HELOC, qualified borrowers can secure a mortgage on a home while simultaneously opening a home equity line of credit.