Why choose a Home Equity Line of Credit instead of a Home Equity Loan?

A home equity line of credit may be a better choice than a home equity loan if you think your needs might change over time, or you’re not sure how much money you’ll need. With a HELOC, you draw money on your line of credit as you need it, and your payment is based on the amount you borrow.

 

All loans subject to credit approval. Must meet membership and account criteria.