MAKE YOUR DREAM A REALITY WITH A HOME EQUITY LINE OF CREDIT
Financing a major expense, such as a loan, doesn't have to feel out of reach. A Home Equity Line of Credit (HELOC) gives you access to the equity you've built in your home, providing a flexible way to help cover expenses like education costs, home improvements or unexpected vehicle repairs.
If you own a home, it's likely one of your most valuable assets. As you make mortgage payments and reduce your loan balance, you build equity—the difference between your home's current value and the amount you still owe.
That equity can become a valuable financial resource. A HELOC allows you to borrow against your available equity and use the funds for a variety of needs. In certain situations, such as using HELOC funds to make substantial improvements to your primary residence, the interest may also be tax-deductible.**
Whether you're planning a renovation, consolidating debt or working toward another financial goal, a Home Equity Line of Credit can help you put your home's equity to work. Let Renasant help you find the solution that's right for you.
*All loans and offers of credit are subject to credit and underwriting approval. Other fees, conditions and restrictions may apply.
*NMLS #402669
**The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; you should consult a tax advisor for further information regarding the tax deductibility of interest and charges. You may want to review the following as well: https://www.irs.gov/newsroom/interest-on-home-equity-loans-often-still-deductible-under-new-law.