Evolution Bancorp is proud to offer home equity loans and lines of credit to homeowners in local communities across the US and UK.
Home Equity Loans and Lines of Credit
By using the equity you’ve built up in your primary residence, a fixed rate Home Equity Loan is the perfect way to borrow money for fixing up your home, paying for college or other borrowing needs you may have.
- Make home improvements
- Consolidate your debt
- Fund an important purchase
- Help pay for major expenses like college or medical bills
- The interest you pay is typically tax deductible1
Simply Flexible HELOC
A Home Equity Line of Credit (HELOC) is specifically designed to serve the needs of qualified home owners as an alternative to traditional loans. With a line of credit, you can pay down what you owe and continue borrowing against the account up to your credit limit.
Use your line of credit to pay for larger expenses or ongoing expenses such as college costs. A line of credit also doesn’t have to be used right away. You can take out a line of credit now and keep it open for emergencies or future purchases.
- Access funds easily by writing a check or transferring the money online
- Use for large expenses (home improvements, education, vacations, etc.)
- Use the money now or later (be prepared for an unexpected expense)
- The interest you pay is typically tax deductible1
- Conveniently choose to lock in up to 6 fixed rate loans within your line of credit
- No annual fees
Evolution Bancorp Makes It Easy to Tap Into Your Home’s Equity
Home equity loans and lines of credit can be used for a variety of purchases, including:
- Home repairs
- Vacations
- Educational costs
- Investments
- Second homes
- Recreational vehicles
- Special gifts
- Overdraft protection
- Debt consolidation