Home Equity Line of Credit (HELOC)

Our home equity line of credit (HELOC) puts your home to work for you, securing funds to spend as you see fit such as: education expenses, major life events, major home improvements, debt consolidation, and emergency reserve.

Unlike a home equity loan, you do not receive a lump sum, but rather access to a pre-approved amount. You can easily access funds as you need them and you only pay interest on what you use.  Gain peace of mind knowing the money is always available in case you need it.

Summary
  • Competitive fixed or variable rates
  • The existing equity in your home is used as collateral
  • Funds available anytime without reapplying
  • Funds easily available by online transfers, check, phone, mail, or in-branch withdrawals
  • Only pay interest on what you use
  • The interest paid might be tax deductible*
  • $50 annual fee
  • Local Northeast Ohio decision-making and processing
  • Helpful, customized service throughout the entire process

*Consult a tax advisor.