Put your home's equity to work
A home equity line of credit gives you flexible access to funds you can draw as needed — for renovations, big expenses, or a financial cushion.
What we can help with
- Revolving access to funds
- Use for renovations, expenses & more
- Understand how it differs from a loan
Program availability and eligibility depend on your circumstances and lender guidelines.
What is a HELOC?
A home equity line of credit, or HELOC, is a revolving line of credit secured by the available equity in your home. Borrowers can generally draw funds as needed during the draw period, subject to lender terms and approval, and repay over time — similar to a credit card, but backed by your home.
How a HELOC generally works
A HELOC has two phases and typically a variable interest rate. Terms vary by lender, so we'll walk you through the specifics.
- Draw period: access funds as you need them, up to your limit
- Repayment period: pay down the balance over time
- Interest is usually variable and tied to an index like the prime rate
- You only pay interest on what you actually draw
Common ways people use a HELOC
How you use it is up to you, within your lender's terms. A HELOC isn't right for everyone — it depends on your goals and situation.
- Home improvements and renovations
- Large planned expenses
- Education costs
- Emergency or unexpected expenses
- A broader debt strategy
How a HELOC differs from other options
A HELOC is revolving and flexible, while a cash-out refinance replaces your existing mortgage and a home equity loan provides a lump sum. We'll help you compare so you can choose what fits.
What can you use your equity for?
A HELOC is flexible — here are common ways people put their home's equity to work. How you use it is up to you, within your lender's terms.
Renovate your home
Fund improvements and repairs on your terms.
Buy an investment property
Tap equity to help with your next purchase.
Cover an emergency
Access cash when life throws a curveball.
Consolidate debt
Bring higher-interest balances into one place.
Fund a big expense
Education, a wedding, or a major purchase.
Keep a financial cushion
Draw only what you need, when you need it.
Use Your Home Equity FAQs
Straightforward answers to the questions we hear most.
A home equity line of credit (HELOC) lets you borrow against the equity in your home. It works as a revolving line of credit — you can access funds as needed during the draw period, subject to lender terms and approval, rather than taking one lump sum.
HELOC funds can be used for many purposes, such as home improvements, education expenses, larger planned costs, or managing unexpected expenses. How you use it is up to you, within your lender's terms.
HELOC interest is typically variable and tied to an index such as the prime rate, which means it can change over time. We'll explain how this may affect your payments and overall cost so you can plan with clear expectations.
Let's find the right path together
Reach out however you like — we'll help you figure out the right next step.
Ready when you are
Let's find the right path together.
Start your application whenever you're ready, or talk it through with a real person first. No pressure either way.