With a Home Equity Line of Credit (HELOC) from Minnwest, the existing equity in your home is used as collateral backing.
- Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Home improvements
- Emergency reserve
- And much more!
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, that amount is available to be advanced again when needed
- The interest paid might be tax deductible*
- Set up automatic payments to be deducted from your account monthly