Use an equity loan or line of credit to finance a major purchase or for debt consolidation. A home equity line of credit provides a variable rate and access to funds when you need them while a home equity loan offers predictable payments to help you finance one-time expenses.
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A home equity loan is a great option to finance a large purchase or major home renovation.
Features
A HELOC from Bank of Botetourt is a flexible, revolving line of credit secured by your home’s equity. Use it for home renovations, large expenses, education, or debt consolidation. With a low variable rate, long terms, and interest-only payment options, you can access funds as needed, now and in the future.
A HELOC Offers:
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