Competitive variable rate
Access your home's equity, when you need it
Home Equity Line of Credit
Low rates. Low closing costs. Flexibility to draw on your funds whenever you need them.
Variable rate starting at the current preferred rate — check with an advisor
Apply online →HELOC
Unlock the equity you've built in your home
When you open a Home Equity Line of Credit, you can draw on funds as you need them: home improvements, debt consolidation, tuition, and more. You only pay interest on what you use.
Rate discount with automatic payment from your checking account
You only pay interest on what you use
Fully amortized loan, no surprises in your payment
Convenient access to your funds during the draw period
Interest may be tax-deductible*
Apply online
Complete the form below to start your application.
Frequently asked questions about HELOC
What is my home's equity?
It's the difference between what you owe on your mortgage and the current market value of your home.
How do I calculate my home's equity?
Subtract your outstanding mortgage balance from your home's market value. This gives you an estimate; the actual value is determined through a formal appraisal.
How is my home's market value determined?
You can research recent sale prices of similar homes in your area, review the assessed value on your tax documents, or consult a real estate agent. A formal appraisal is required to determine how much you can borrow.
How long does it take to get a Home Equity Line of Credit?
The timeline varies by case, especially if an appraisal or additional documentation is required. An advisor can give you a more precise estimate based on your situation.
How much can I borrow?
The amount depends on your credit history, the available equity in your property, and your current monthly debts. Check with an advisor to learn the available range.
Is the interest rate fixed or variable?
This line of credit has a variable rate, as described in the loan documents.
How often can the Annual Percentage Rate (APR) change?
The APR can change periodically, since it's a variable rate that adjusts based on changes to the market's reference prime rate.
Are there tax benefits with a Home Equity Line of Credit?
The interest paid may be tax-deductible in some cases. Check with your tax advisor for more information.
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* Interest paid on a Home Equity Line of Credit may be tax-deductible in some cases. Check with your tax advisor for more information.