Capitalize on the equity you’ve worked hard to build — use it to finance plenty of other needs, from major life events to personal projects.
Key Features
- Competitive Rates
- Local Processing
- Quick Decisions
Details
- Convert the equity in your home into cash you can use
- Competitive rates for several short-term or one-time needs:
- Major life events
- Home improvement projects
- Debt consolidation
- And much more
- The existing equity in your home is used as collateral backing
- Accommodating repayment terms that work uniquely for you
- The interest paid might be tax deductible*
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
Home Equity Lines of Credit (HELOC)
- Turn the equity in your home into ongoing, affordable financing
- Competitive rates for several ongoing or seasonal needs:
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more
- The existing equity in your home is used as collateral backing
- Accommodating repayment terms that work uniquely for you
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit — as principal is repaid, more becomes available for use
- Funds easily available via in-person, writing a check from your HELOC, or transferring between Portage Community Bank accounts
- The interest paid might be tax deductible*
- Set up automatic payments to be deducted from your account monthly
- Quick, local decision-making and processing**
- Attentive, friendly service from start to finish
*Consult a tax advisor.
**Subject to underwriting guidelines.