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Home Equity Line of Credit: Going Beyond the Home

Let Fidelity Bank & Trust help with a Home Equity Line of Credit.

Summer is fast approaching, so of course you're counting the ways you can spend time in the sun: a tropical beach vacation, a fishing trip in a brand-new boat -- the possibilities are endless! Let Fidelity Bank & Trust help with a Home Equity Line of Credit.

You read that right! It's a common misconception that HELOCs are only used for projects like home improvement, when in fact, you can use it for so much more. You're probably wondering, "Well, what else is there to know?" Not to worry. With the help of Michelle Schmidt, Residential and Consumer Loan Officer NMLS #1156331, we can answer all your questions about HELOCs:

What can I use a HELOC for?

“You can use a HELOC for whatever you want!” Schmidt says. Though people may commonly think that you need to use it for home improvement, the possibilities are up to you and your needs. Have you been itching to take a lavish vacation? Or maybe you need to pay for your daughter's wedding. “You can even buy a car with a potentially lower rate using a HELOC”

Why should I get a HELOC and not another personal loan?

“A Home Equity Line of Credit is a more flexible option,” Schmidt explains. Since it is a line of credit, you don't need to use the full amount up front. “You can use it over and over again for multiple things,” she says.

Why should I choose Fidelity Bank & Trust for my HELOC?

“At Fidelity, we like to spend time with our customers to really understand who they are, what they want, and what they need,” she says.  The extra time we put into getting to know you helps us provide services catered to your lifestyle. We also have a 6-month introductory rate on our HELOC product that is lower than normal if you qualify!

That all sounds great! How do I apply?

Lucky for you, the HELOC application process is quick and easy. All you need to do is come see us to fill out an application and let us get to know you. Once we gather the information we need, you can be on your way to a HELOC in no time! “If you already have your first mortgage with us, the process is even easier!” Schmidt says.

So go ahead -- buy the boat. Take that vacation. Fidelity Bank & Trust can help you get there with a Home Equity Line of Credit. Stop in to a Fidelity Bank & Trust location or check out our new website to contact a loan officer today!

Member FDIC. Equal Housing Lender.