Home Equity Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)

Summary

When it comes to funding important purchases, use the equity in your home first. You don't have to touch your savings or emergency fund when you have other options.

A line of credit offers more flexibility than a lump sum loan. Use what you need, when you need it. Then pay interest only on what you use. And did we mention the interest paid may be tax deductible*?


Details:

  • Draw on your home's equity to fund major purchases
  • Enjoy greater flexibility than a lump sum loan
  • Works as a revolving line of credit
  • Use what you need, as you need it — without having to re-apply
  • Interest paid may be tax-deductible*
  • In-house service and processing from start to finish
  • See a local Northeast Bank personal banker for more details

*Consult your tax advisor.