Home Equity Line of Credit

Home Equity Line of Credit

Use a home equity line of credit (HELOC) to access funds for any purchase, including a new car, medical bills, home improvement items, and more. With no term limits and tax-deductible interest,* this kind of loan is ideal for multiple purchases over time.


And since you only pay interest on what you use, you can get ahead without incurring extra cost. Plus, you can even re-use these funds as needed without the hassle of re-applying.


Summary
  • Use for most any purpose
  • Not a term loan (which has a fixed amount for fixed length of time)
  • Not a credit card
  • Interest is calculated only on what you use
  • Re-use as needed without re-applying
  • Interest typically tax deductible*
  • Competitive variable interest rate
  • Local decisions right here in Baltimore area
  • Credit subject to underwriting and approval, which requires a credit check
  • For more information or to make application, please call 443-549-1001

*Consult a tax advisor.

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