What is a home equity line of credit and what can it be used for?

October 11, 2022

Home equity may be used for more than just upgrades to your home. You may be able to use a home equity line of credit (HELOC) to pay for major expenses.

 

As a homeowner, you may be able to use the equity in your home to pay for major expenses with a Home Equity Line of Credit. This video shows how a HELOC is a flexible and convenient way for you to borrow funds against this equity for things like remodeling your home, consolidating debt or large purchases, even purchasing a car.

 

Ready to put your home equity to work for you? Learn more about HELOCs and apply online.

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Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Mortgage and home equity products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

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