Home Equity Lines of Credit
Whether it’s for a vehicle purchase, home improvements, emergency funds or a trip when things calm down, take advantage of your home’s equity however you see fit!
A Home Equity Line of Credit (HELOC) is a revolving line of credit1 secured by your primary residence, which allows you to borrow and repay on a revolving basis. With an equity line, you can borrow as much or as little as you need, whenever you need it, up to 90% of the current value of your home, minus the amount owed on your AbbyBank first mortgage loan.
You only make payments when you advance funds. As you repay the outstanding balance on the HELOC, the amount of credit available to you is replenished, giving you the opportunity to borrow the funds again as needed – much like a credit card.
Interested in learning more? Contact a Mortgage Loan Officer.
- Emergency funds
- Home improvement projects
- Purchase a vehicle
- Education
- Purchase a boat or camper
- Create an outdoor living space
- Vacation
- Wedding
- And much more!
Whatever the reason, we have you covered!
Ready to utilize the equity in your home?
