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Banking is Personal - BLOG

What Is This Thing Called a HELOC?

By Brittany Diebolt, Vice President on August 17, 2015

A home equity line of credit, or HELOC, is a revolving line of credit that secures your home as collateral for the loan. With a HELOC, you may have ongoing access to about 85% of your home’s value, less the balance remaining on your mortgage and adjusted based on your creditworthiness and ability to pay.
 
There are many features and benefits associated with a HELOC. Among the pros and cons:

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Salin Bank gives us the same service we strive to give our own clients.” 
Kimi Hathaway, Owner, Blackbird Clinical