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Overview
A Home Equity Line of Credit is
a line of credit that can be used as you
need it up to your available credit line.
You can use any portion of it at any time
and pay it back at any time. |
Ideal
usage examples
Ongoing expenses:
 Home
improvements
Medical
expenses
Small
business expenses |
Interest
Rate/Payment
The interest rate is variable and
is tied to the prime rate. |
Is
interest tax-deductible?
Yes, it may be
(please consult your tax advisor)
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Home
Equity Line of Credit is a Smart Choice
if...
You
potentially have multiple needs
You
prefer flexible payment options that have
room to adjust |
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