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Get quick cash with a home equity line of credit

If you have a short-term financial need, want to improve your home or want to consolidate debt, a home equity line of credit might be for you. This important and useful financial tool is continually reusable and has an option for interest-only payments. Discover more benefits and explore your options below.

15-year home equity line of credit

When you take out a 15-year home equity line of credit, you’ll have access to reusable funds of varying amounts throughout the term of your loan.

Apply for a 15-year home equity line of credit if you want:

  • To make home improvements.
  • To feel prepared for an unexpected financial event. If an emergency arises, you’ll have a low-interest rate source of cash to tap.
  • To leverage existing equity to use for the down payment on the purchase of another house.
  • A flexible payment with an option to pay only the interest.

Considerations:

  • The interest rate could change over time.
  • Payments vary monthly based on the outstanding principal balance and interest rate that month.