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firsttimehomebuyer

Home Equity Line of Credit

Your home is more than just a home with a HELOC from ONE AMERICAN BANK.
Personal Banking

Home Equity Line of Credit (HELOC)

Your home is more than just a home — it is an investment of your time, money, sweat, and tears. Fortunately, a home equity line of credit makes it all worth it. Don’t wait to pay for the things you need — that home improvement, wedding, vacation, or medical emergency.

Home equity lines of credit offer lower rates than most consumer loans — plus the interest may be tax deductible.*   You can rely on repayment that is in line with your unique situation.

Features:

  • Secured by the existing equity in your home
  • Available for a wide range of short-term or one-time needs:
    • Home improvements
    • New vehicles or vehicle repairs
    • And much more!
  • Revolving credit – available balance replenishes as you make payments
  • The interest paid might be tax deductible*
  • Only pay interest on the part that you use
  • Terms tailored to your specific needs
  • Local decision-making and processing
  • Detailed, attentive service from start to finish

*Consult a tax advisor.



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