A Home Equity Line of Credit (HELOC) allows you the flexibility to borrow funds against the equity in your home whenever you need cash. A HELOC can be used for:
You decide how much you need and when you need it for any reason.
Other Attractive Benefits of Home Equity Line of Credit
Payment Options to Suit Your Needs
You can fix your rate on any portion of the outstanding balance with terms up to 15 years. You have the option of fixing the rate up to 3 times during the first ten years.
Save on Fees, Closing Costs and Taxes
There are no closing costs or application fees and the interest you pay may be tax deductible. Talk with your tax advisor for details.
You may be interested in a fixed monthly payment and interest rate. Merchants Bank’s Home Equity Loan may be the right option for you. Click for loan options and rates.