A Home Equity Line of Credit is just like a credit card account. You are approved up to a certain limit, and can access as much or as little of the equity as needed. You only make a payment based on the amount of the line of credit that you actually use and can pay it down at anytime.

• Take vacations

• Complete small projects

• Pay school tuition

• Purchase a new car

A HELOC loan option gives you a great deal of flexibility to access the equity in your home at anytime. Funds are accessed by simply writing a check. A HELOC offers better terms than credit cards and interest paid can be tax deductible (check with your tax advisor to be sure).