Home Equity Lines of Credit (HELOC)
You don't have to pad your walls with money to get money out of your home. At Portage Community Bank, we're very experienced at helping our customers transition the equity in their homes into a convenient source of funds for other dreams.
Once established, your line of credit can be withdrawn at any time without reapplying. Take advantage of competitive rates, flexible repayment terms, and best of all, the interest paid might even be tax deductible!
- Competitively low rates toward financing several ongoing or seasonal needs:
- Home improvements/updates
- Medical expenses
- Travel expenses
- Personal business expenses
- And more!
- Funds secured by the equity you've built within your home
- Repayment terms of ten years
- Reuse at any time without reapplying for another installation
- Only pay interest on the part that's used
- Interest paid is potentially tax deductible*
- Local decision-making and processing
- Attentive service, custom-fitted to accommodate your needs
*Consult a tax advisor.