What is a home equity line of credit?
A U.S. Bank Home Equity Line of Credit, or HELOC, lets the equity you’ve built in your home work harder for you. By borrowing funds against your home’s equity when you need it, a HELOC can be ideal when you’re paying for a major expense.
Benefits of a home equity line of credit
More cash in your pocket
Payment options that work for you
With flexible payment options you choose how you want to pay, including interest-only payments for those who qualify.
Money when you need it
Take advantage of several convenient options for drawing on your HELOC funds, whether it’s by visiting a branch or ATM, writing a check, using your Visa® Gold Access Card or via online banking.
What could you do with a HELOC?
Whether you’re looking to remodel your kitchen or build an outdoor living area, a HELOC can be a great option.
If debt management has become a burden, consider using a HELOC to consolidate your debt into a single, more manageable payment at a competitive rate.
A HELOC may give you the resources you need to help you make it happen, at a rate you can feel good about.