Fixed-Rate Home Equity Line of Credit
Flexible financing to make things happen.
Our Fixed-Rate Home Equity Line of Credit offers maximum flexibility with no surprises. It’s perfect for when you plan to draw funds over time but also want the security of knowing what your payments will be in the future. With our Fixed-Rate HELOC, you can draw against your line for up to two years before it converts to a term loan with a low fixed rate. And best of all, you’ll know your rate from the day your application is approved. That means predictable payments you can easily plug into your budget and no surprises if interest rates rise. Think of our Fixed-Rate HELOC as the perfect short-term financing for longer-term projects requiring multiple payments.
The Fixed-Rate HELOC features:
20-year fixed-rate repayment
Borrow up to 85% your home’s value, less outstanding mortgages
Minimum loan amount of $5,000
Don’t have enough equity in your home yet for your big renovation project?
Check out our Renovation Loan instead. You may be able to use your home’s after-renovation value to boost your borrowing power.