Why are HELOCs awesome?

If you’re looking for a flexible and cost-effective loan option, look no further than a Home Equity Line of Credit (HELOC). HELOCs are an awesome way to use your home's equity as a source of funds. They give you access to cash when you need it without having to sell your home and provide you with the flexibility to pay off the loan at any time. Not only that, but they also offer some great advantages over traditional loans.


Here’s why HELOCs are so awesome and why you should consider one when looking for a loan or line of credit.


Lower Interest Rates

One great thing about a HELOC is that interest rates tend to be lower than those associated with other types of loans or lines of credit, such as credit cards. Additionally, if you have good credit, you may qualify for even lower interest rates. This means that more money stays in your pocket because you don’t have to pay as much in interest each month.


Flexibility

HELOCs offer a lot more flexibility than other loan options. With a HELOC, you can easily access money when you need it and then pay it back over time according to what works best for your budget. Plus, depending on your lender and the terms of your loan, you may also be able to borrow against your home equity multiple times without having to go through the application process every time.


Versatility

HELOCs are also highly versatile and can be used for all kinds of projects around the house, from updating appliances to making repairs or renovations. This makes them ideal for people who want to upgrade their homes but don’t want to take out a large personal loan or use their savings account.

It’s easy to see why HELOCs are awesome and why so many people choose them when looking for flexible funding options for home improvement projects or just extra cash flow when needed. If this sounds like something that would work well for your situation, speak with a financial advisor today about applying for a Home Equity Line of Credit so you can start taking advantage of these great benefits.

Or, if you’re ready to get started, visit cpb.bank/HELOC and apply online today!

Learn more about CPB HELOCs

Already have a CPB HELOC? Simply login to online banking to start using your line of credit.

GET STARTED