Turn the roof over your head into money in your pocket. A HELOC provides flexible financing at an affordable rate.
- No closing cost option
- Competitive rates for several ongoing or seasonal needs:
- College tuition
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more!
- The existing equity in your home is used as collateral backing
- Accommodating repayment terms that work uniquely for you
- Revolving credit – as principal is repaid, more becomes available for use
- Funds easily available via online banking transfers to INOVA accounts, Equity Link Visa® card (for purchases or cash advance), wire transfer, or in-branch cash withdrawal
- The interest paid might be tax deductible1
- Set up automatic payments to be deducted from your account monthly
- Local decision-making and processing
- Attentive, friendly service from start to finish
1Consult a tax advisor.