A Home Equity Line of Credit (HELOC) is a flexible borrowing option that uses the equity you’ve built in your home to fund major expenses. Unlike a traditional loan, a HELOC works more like a credit card—you borrow what you need, when you need it.
Common uses for a HELOC include:
- Home renovations and repairs
- Travel, weddings, etc.
- Consolidating higher-interest debt
- Covering unexpected expenses
Why choose a HELOC?
- You only pay interest on what you borrow.
- Interest rates are often lower than credit cards or personal loans.
- It’s a reusable line of credit—you can borrow, repay, and borrow again.
Union State Bank’s lending experts can help you explore whether a HELOC fits your needs and walk you through the application process. It’s a smart way to put your home’s value to work. Learn more by visiting here.
