Home Equity Lines and Loans
Home Equity Line of Credit
A Home Equity Line of Credit is a line of revolving credit in which your home serves as collateral. Your credit amount is based on the amount of equity you have in your home, your ability to repay and other qualifying factors. You can borrow or draw on the line of credit for a period of time, typically up to ten years.
Your home equity credit line can be used for anything. Since your home is likely your most valuable asset, most people use a home equity line of credit for major projects that may require multiple purchases over time. Examples include home renovation, purchases associated with a child’s wedding, tuition expenses, etc.
How You Can Use Your Home Equity Line of Credit
- Home Improvements
- Pay off high-interest rate credit cards
- Consolidate debt
- Tuition Expenses
- Auto / RV / Boat Purchases
- Weddings
- Dream Vacations
- Medical Bills
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Home Equity Loans
Huntington Federal Saving Bank also offers Home Equity Loans. With a Home Equity Loan, you might be able to save money on our low fixed interest rates that could be tax-deductible (consult your tax advisor). You’ll enjoy the convenience of affordable monthly payments over a fixed time period and you might be able to save even more by paying off higher interest obligations.
To find out whether you’re in a good borrowing position, and the maximum amount you should be able to borrow, take our One-Minute Home Equity Loan Test. Then, call us at 304-528-6230 and we’ll get back to you right away with the answer you need.
A Huntington Federal first mortgage is not required to qualify!
Call 304-528-6230 or click here to request more information.
All Huntington Federal lending products are subject to credit review and approval. Contact the bank for details.
