It’s time to get your home in shape! What better way to do that than with a Home Equity Line of Credit (HELOC) from your neighbors at ABNB?
A HELOC is perfect for ongoing projects, like home remodeling, because you can draw from it repeatedly without having to reapply. It uses the equity you’ve built within your home to finance all kinds of needs, from debt consolidation to major life events. It's almost like finding cash lining the walls of your house!
And as always, you can expect ABNB’s competitive rates that save you money in the long run!
- Competitive rates for several ongoing or seasonal needs such as: Education expenses, Major life events, Major home improvements, Debt consolidation, Emergency reserve, and much more!
- No closing cost option available when you take an advance of at least $15,000
- 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 are released into a HELOC account, much like a checking account
- Funds can be transferred to another account, withdrawn, or checks may be written to pull from the HELOC account
- The interest paid might be tax deductible**
- Set up automatic payments to be deducted from your account monthly
- Local decision-making and processing in Hampton Roads and northeastern North Carolina
- Attentive, friendly service from start to finish