5 reasons a home equity line of credit is a great idea

Your home is probably your biggest asset. Have you ever thought of using the equity in your home to finance other “stuff”? 

A home equity line of credit, or HELOC as we call it in the banking world, allows you to borrow money against the value of your home. It works like a credit card, you withdraw money as you need it> The difference between plastic and a HELOC is  a home equity line of credit carries a low interest rate and is tax deductible. Win-Win!

5 Situations where a Home Equity Line of Credit makes sense:

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