If you have equity in your home, a Home Equity Line of Credit from United Bank lets you exchange a part of this equity for cash. Whether you’re looking to remodel or repair your home, or even consolidate debt, the cash is in your pocket.
If you are looking for flexible access to the equity in your home, a HELOC may be the answer. United’s Home Equity Lines of Credit provide a line of credit that allows you to draw funds up to your maximum credit limit. You decide when to borrow money, how much to borrow and how to pay it back.
The amount you can borrow with a home equity line of credit depends on how much equity you have. Put simply, equity is the value of your home minus the loan balance(s) owned on your home. This calculator is available to help you estimate how much equity you have in your home and the amount you may be able to borrow with our home equity line of credit.
