Do you own a home and need quick cash to undertake a home renovation, pay off a loan, or an emergency?

A HELOC (Home Equity Line Of Credit) could be a viable financing option for you. 

A Home Equity Line Of Credit (HELOC) is a financial product that provides homeowners with the ability to access a specific maximum amount of credit using the equity they have built up in their home. In simpler terms, it enables homeowners to take cash out of their property and use it for a variety of purposes. 

A HELOC works in a way similar to a credit card which allows you to make purchases within your available credit limit. However, the credit limit for HELOC is based on the value of your property. Once your lender approves you for a HELOC, you are given a maximum credit limit, which you can draw from as needed depending on your financial needs.

One significant benefit of a HELOC is that you pay only interest on the amount you borrow for the first 60 months of the loan. Additionally, you can use the money in any way you want, such as home renovations, education expenses, consolidating debt, or even emergency funds.

HELOCs are a lien secured by your property. In case you fail to make your payments, your lender may foreclose on your home. Therefore, it's essential to assess whether your financial situation is stable enough to access this type of credit before seeking out a HELOC.


Certain restrictions apply on all programs. See your First Liberty Bank Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APR’s) for all loan programs. Full underwritten approval is required and all loan approvals are subject to credit, income and asset review and approval.


This is typically a 2nd mortgage loan with funds available for any purpose.