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Enjoy flexible access to the equity you’ve built in your home. A HELOC is there when you need to finance a variety of projects and expenses.

What is a HELOC and how does it work?

A HELOC is a revolving line of credit. It works like a credit card or overdraft line of credit. However, because HELOCs are secured by the equity in your home, they offer a lower interest rate than unsecured credit accounts. When you are approved for a Home Equity Line of Credit, you’ll receive a certain borrowing limit. You can draw funds from your HELOC, make payments, and borrow again as needed, up to the limit.

What can you do with a home equity line of credit?

One of the best features of HELOCs is their flexibility. You may have certain things in mind when you open your HELOC or you can save it for emergencies and things that come up. Popular uses of a HELOC include:

  • Home Improvements
  • Pay off credit card debt
  • College tuition and other educational expenses
  • Medical expenses
  • Travel
  • Down payment on a second home or investment property
  • …and more!

Apply for a HELOC from West Shore Bank!

West Shore Bank's mortgage lenders are based in your Northern Michigan and West Michigan communities along the lakeshore. All decision-making and loan processing is done locally. With attentive, friendly service from start to finish, West Shore Bank can help you find the home loan solution that is right for you. Apply for a HELOC online or visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.