For those ongoing projects, a home equity line of credit (HELOC) allows you to draw funds as you need them up to your available credit limit. You’ll receive a low variable rate, and your payment will adjust based on your last advanced balance.
Or for the option to pay only the interest during the draw period with an Interest-Only HELOC. (Interest-only payments will not repay the outstanding principal on your line.)
If you would like a fixed rate and monthly payment, please look at our closed-end home equity loan.
Call our loan department at (989) 892-6088 or visit us to apply.