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You worked hard to build your home equity. Now it's time it returned the favor.

Home Equity & Lines of Credit

When you're looking for a big loan or long line of credit, sometimes the best collateral is your biggest asset—your home. Our financing specialists will work with you to figure out which of these options is best for your goals. 

If you need money for a big purchase like going to school, planning a vacation, or renovating your house, this loan will let you use the equity in your home to build flexibility into your budget.

A home equity line of credit, or HELOC, is like a cross between a credit card and a home equity loan. You'll still be borrowing against your house, but you'll only take out the money you need when you need it, instead of in one lump sum. You'll have a credit limit, but you will enjoy a variable interest rate and interest may be tax-deductible1. It's a great way to use your home equity, your way.

Using your home equity can be a big decision. We'll work with you to make sure you're in-the-know on variable interest rates and credit terms, so you're fully satisfied with your loan or line of credit.

Want to learn more?

Contact an Alerus representative today to learn how to make your home equity work for you.

Call
888.409.5375

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Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.

1. Consult your tax advisor regarding deductibility of interest.


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