Home Equity Lines of Credit (HELOC)

Education, vacation, home renovation — take care of expenses with a line of credit that’s backed by the equity stored in your home.

Key Features

Details

Turn the equity in your home into ongoing, affordable financing
Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more
The existing equity in your home is used as collateral backing
Accommodating repayment terms that work uniquely for you
Funds available anytime without reapplying; apply once, then use repeatedly thereafter
Revolving credit — as principal is repaid, more becomes available for use
Funds easily available via in-person or phone transfers to a specified Med5 checking account
The interest paid might be tax deductible¹
Set up automatic payments to be deducted from your account monthly
Quick, local decision-making and processing
Attentive, friendly service from start to finish

¹Consult a tax advisor.