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Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) is a secured loan in which the available equity in the borrower's home is used as collateral. The amount of available equity sets the limit of the HELOC. Unlike a traditional loan in which the borrower receives a one-time lump sum payment, a Line of Credit can usually be drawn against several times.
AIG Bank makes it easy to get the cash you need for home improvements, big-ticket items, or major life events - whenever you need it.
With a home equity line of credit, you can tap into substantial buying power to meet other financial needs including home improvements, important purchases, college tuition, and medical or other expenses.