Home Equity Line of Credit

Man and woman looking at building plans standing in their extension. Sandy Spring Bank.

Affordable, Flexible and There When You Need It. 

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A Home Equity Line of Credit May Be the Ideal Solution

Is there a major home renovation you’d love to start? Looking to refinance debt?  No matter your reason, the equity already in your home may be the perfect option for you, providing affordable access to additional funds whenever you need them.

A home equity line of credit is secured by your home and provides access to funds to use for a variety of purposes. It offers flexibility and is useful for projects with multiple purchases.

  • Convenient and easy access to available funds.
  • Typically lower interest rates than other types of credit, such as credit cards.
  • The option to lock-in a portion of your outstanding balance at a fixed rate.1
  • No application fees.
  • Overdraft protection, linked to your home equity line of credit, helps to avoid overdraft fees.
  • A 0.25% rate reduction is available when monthly payments are automatically deducted from your Sandy Spring Bank checking or savings account.

 

Frequently Asked Questions (FAQs)