Home Equity Line of Credit (HELOC) loans through Bank of Labor are a great way to fund big ticket items like remodeling, repairing your home, consolidating debt, getting a new car and more. There are lots of positives to using a HELOC loan since borrowing against the equity in your house qualifies for lower interest rates than credit cards and many other forms of credit—plus offers flexible payment terms. Put your equity to work for you.

Features of the HELOC loan we offer include:

• 10-year term
• Minimum $10,000 loan amount
• No prepayment penalties
• No application fees | No closing costs | No annual fees
• 24-hour access online
• Payment options: In person | By mail | Auto-payment
• Loan up to 80% of property value
• Checks available upon request

The HELOC advantages include:

• Easy application process
• Detailed monthly statement
• Smart option for debt consolidation
• HELOC loans may be tax deductible—talk to your tax advisor
• We handle appraisal logistics. Access to your home is not needed.

Get the funds you need to get things done! Contact us today to see if a HELOC is right for you.

9.00% Annual Percentage Rate (APR) is variable and is subject to change without notice in accordance with the index. The index used to determine the interest rate is the Wall St Journal Prime Rate (8.50% as of 07/27/2023) plus a margin of 0.50% with a minimum APR of 4.25%. The maximum APR is 18.00%. Ask us for the current APR. Maximum loan to value 80%. Hazard insurance is required. Balloon payment at maturity. Subject to credit approval. Bank of Labor NMLS 41137