HELOC
Borrow only what you need,
when you need it.
A revolving line of credit secured by your home — like a credit card with much better rates.
How a HELOC works.
A home equity line of credit gives you a revolving credit balance secured by your home. During the draw period (typically 10 years), you can borrow, pay back, and borrow again — paying interest only on what you have used.
- Interest-only payments during the draw period
- Variable rates tied to the prime rate
- Access funds via check, online transfer or card
- Use it once, twice, or never — only pay for what you draw
Compare borrowing options
| HELOC | Credit Card | |
|---|---|---|
| Typical APR | Typically lower | Typically much higher |
| Tax-deductible? | Often | No |
| Revolving credit | Yes | Yes |
Open your line