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A home equity line of credit, or HELOC, is a revolving credit line that’s secured by the equity you’ve built in your home. The HELOC can be used as needed during your draw period, which is the timeframe between opening it, up until your repayment begins.
Pay off debt, make a major purchase or get a lower interest rate with a home equity loan from U.S. Bank. Keep reading to explore all our home equity options!
Enjoy peace of mind with a fixed-rate option for a home equity line of credit. When interest rates are on the rise, add some certainty to your monthly payments. Lock in a fixed rate on some or all of your current home equity line of credit (HELOC).
A home equity loan gives you a one-time lump sum that you repay with a fixed interest rate. A HELOC gives you a line of credit that you can use as needed during a certain timeframe. It typically has a variable interest rate.
U.S. Bank’s HELOC stands out for a rate discount and a variable rate with an option to convert to a fixed rate, which can help keep payments predictable. It has a maximum draw of $750,000 in...
Learn about interest rates, closing costs, and the differences of a home equity loan and home equity line of credit. Find home equity loan questions and answers.
A home equity line of credit, or HELOC, is a revolving credit line secured by your home and uses the equity that is available. Unlike traditional installment loans that provide a fixed dollar amount at the start of the loan’s term, a HELOC establishes a line of credit.
Get home equity loan payment estimates with U.S. Bank’s home equity loan & home equity line of credit (HELOC) calculator. Check terms and rates today!
Watch this brief video to learn what a home equity line of credit or HELOC is and how you can use the equity in your home to pay for major expenses like remodeling your home, consolidating debt, or even purchasing car.
U.S. Bank's home equity loan allows you to borrow up to 80% of your home's equity. Home equity loans come with fixed interest rates, which means borrowers have a locked annual percentage rate (APR) for the duration of the loan.