A HELOC gives you a flexible way to put your home’s equity to work. Whether you’re planning updates, consolidating expenses, or creating a financial safety net, it provides access to funds when you need them.
Instead of taking a one-time loan, a HELOC is a line of credit you can draw from and pay down as you go, giving you more control over how and when you borrow.
With AB&T, accessing your home’s equity is simple. From local decision-making to ongoing support, our team makes the process straightforward from start to finish.
Features & Benefits of a HELOC
- Flexible access to funds—use your line of credit when you need it
- Only pay for what you use with interest-only payments during the draw period
- Local service you can trust—processed, underwritten, and serviced right here
- Borrow up to 90% of your home’s value
HELOC FAQs
Do I have to use the full amount of my HELOC right away?
No. You can draw funds as you need them and only pay interest on the amount you use, not your full credit line.
What do homeowners typically use a HELOC for?
A HELOC can be used for a variety of needs, including:
- Home improvements or renovations
- Major expenses like repairs or HVAC replacement
- Debt consolidation
Emergency or planned future expenses
What makes a HELOC different from a traditional loan?
A HELOC lets you borrow as needed instead of taking a lump sum. You can draw from your line of credit, pay it down, and reuse it over time, while only paying interest on what you use.
Can I get a HELOC from a different bank than where I have my mortgage?
Yes, you’re not limited to applying for a HELOC with the lender that holds your current mortgage.
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- Streamlined Application with a user-friendly, paperless application process.
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- Streamlined Application with a user-friendly, paperless application process.
- Real-Time Updates through instant notifications on your application milestones.
- Secure Document Uploading means no more lost paperwork or hassles!
Take control of your homeownership journey by downloading our
new American Bank & Trust Mortgage App.
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