Home Equity Line of Credit
Maybe you’ve been thinking about remodeling your kitchen or bathroom or both. Or perhaps building that patio deck you’ve always wanted. Whatever you have in mind, we make it easy to get the most out of your home with a Home Equity Line of Credit (HELOC) from The Cooperative Bank of Cape Cod. Like a Home Equity Loan, a HELOC uses your home to secure cash for your next big purchase. But instead of receiving a lump sum upon approval, with a HELOC, you are pre-approved for a set amount to withdraw and use as you see fit.
The benefits of a HELOC:
-Easy access to funds as you need them.
-Pay interest on only what you use.
-You’re able to use your HELOC again once it’s been paid off. No need to re-apply
– Interest may be tax deductible1
Let’s talk about how The Coop team can help you make your next dream come true.