Your home, working for you.
A line of credit tied to your home equity
What is a HELOC?
HELOC is short for Home Equity Line of Credit, a variable interest rate line of credit available to most homeowners and tied to your home’s value.
HELOCs are a great way to consolidate debt, make needed purchases and make home repairs by borrowing against the equity^ in your home.
^Equity is the difference in a home’s fair market value and sum of liens owed against the home.
How does it work?
If you’re a homeowner, simply contact your SimplyBank lender and ask about our HELOC. We’ll ask about your plans and work to build a custom plan for your need — whether it’s installing a new swimming pool, upgrading to a family-friendly minivan or paying off debt.
With the value of your home backing you, approach your project with low-interest cash and HELOC it.
Want to learn more? Let’s talk.
Our lending team is standing by to talk with you. Fill out the form below and our team will reach out quickly.
Want to learn more? Let’s talk.
Our lending team is standing by to talk with you. Fill out the form below and our team will reach out quickly.