You have worked hard to build up your home’s equity. Now is the time to let that equity work for you. Why not use a Home Equity Line of Credit (HELOC) for your next major project or purchase?
Our loan representatives will work with you to get a low HELOC rate and keep your payments within your budget.
A Home Equity Line of Credit is a pre-approved loan that provides a source of funds whenever you need it. The funds are accessible through your checking account or debit card. Best of all — you do not have to reapply for a loan every time you need cash for a major purchase.*
- Draw from the equity in your own home to finance big expenses*
- Draw what you need, when you need it
- No need to reapply
- Enjoy low variable rates
- Pay interest only on what you use
- Interest payments are often tax-deductible**
- Debt Protection is also available
*Up to 5 years or total amount of loan per each line of credit.
**Consult your tax adviser.
Rates are accurate as of April 1, 2023
Rates are subject to change at any time.
Fees could reduce the earnings on the account.
Contact a Deepwater employee for further information.