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Home Equity Line of Credit

Use your home equity to fund your dreams

You’ve worked hard to build equity in your home. With a home equity line of credit (HELOC), that hard work can pay off with smart financing to fund all types of purchases, from vacations to home renovations to a new vehicle.

Smart financing for what matters most

You deserve the freedom to pursue your goals. But let’s face it: those goals may need some financial support.
 
With a HELOC loan from Wellworth Bank, you can gain financial freedom and flexibility to pursue your goals. The beauty of a home equity line of credit is that you can put your funds towards whatever goals you have in mind.
 
Whatever your goals are, we’re here to help you accomplish them. Borrow, repay, and borrow again while leveraging the equity you’ve built in your home.
 
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Only pay interest on what you borrow

With a HELOC, you’ll be approved to borrow up to a certain amount based on your home’s equity. However, you’ll only pay interest on the amount you actually borrow. 
 


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Borrow as often as you need

Unlike a home equity loan, a home equity line of credit allows you to borrow what you need when you need it.
 


























Make life happen

Don’t let life pass you by waiting for the right time to invest in your goals. Leverage your home equity to make life happen on your terms.  
  • Fund your dream vacation.
  • Pay for your or your child’s education.
  • Invest in a new property.
  • Consolidate debt.
  • Start your own business.
  • Host your dream wedding.
  • Purchase a new vehicle.
  • Finance home repairs.



Put your home’s equity to work with a flexible HELOC.









    Have questions about HELOCs?


    Your home equity is the amount of money your home is worth minus what you owe on your mortgage. Chances are, your home’s market value has increased since you purchased it, so if you sold it today, it would be worth more than what you paid. Using online real estate sites like Zillow or Redfin can give you a rough idea of your home’s current market value, but to calculate the exact value of your home, you may need a professional appraisal. Once you know what your home is worth, subtract the outstanding balance of your mortgage and any other loans secured by your home, such as a home equity loan. 
    A home equity loan allows you to borrow a specific sum that is dispersed in a single lump sum. A HELOC is a line of credit that allows you to borrow money multiple times up to a set limit. Both types of loans are borrowed against the equity of your home. 
    Because HELOCs are borrowed against the equity of your home, they often have more favorable interest rates than other types of loans. Our HELOC lenders will help you understand all your lending options and guide you to the right loan for your needs and goals. 
    HELOC funds can be applied toward any purchase, similar to a personal loan. So, you’ll have the flexibility to fund the purchases that matter most to you.