Home Equity Line of Credit
Tap into your home’s equity with an MHV HELOC and get flexible access to funds for home improvements, major expenses, debt consolidation, and more.
HELOC, equity loan
Flexible funds, when you need them.
A HELOC gives you revolving access to your home’s equity — borrow what you need, when you need it, and pay interest only on what you use.
Why choose a HELOC
Revolving Access:
Borrow, repay, and borrow again up to your limit during the draw period.
Interest on What You Use:
You only pay interest on the funds you actually draw — not your full limit.
Great for Ongoing Costs:
Ideal for multi-phase renovations or expenses that come over time.
There When You Need It:
Keep it open as a financial safety net for whatever comes up.
Easy Access:
Manage your line and transfers conveniently through digital banking.
Competitive Rates:
Member-first pricing that’s often lower than unsecured borrowing.
How a Home Equity Line of Credit works
Apply
Get Approved
Draw as Needed
Repay & Reuse
Meet Our Home Equity Experts
Our home equity specialists will help you put your home’s equity to work for whatever comes next.
Bill Walsh
Branches Covered:
Michael Riger
John Reidy
Denise Quinn
Branches Covered:
Tom McHugh
Dan Lusignan
Guy Greco
Branches Covered:
Rick Farrow
Branches Covered:
Shawn Simmons
Compare your home equity options
Not sure a line of credit is right? A fixed home equity loan might fit better.
Commonly asked questions about HELOCs
During the draw period you can borrow against your line as needed and typically make interest-only payments on what you’ve used. After it ends, you repay the remaining balance over the repayment period.
HELOC rates are commonly variable, meaning your rate and payment can change over time. Our team will explain the current terms when you apply.
Yes — common uses include home improvements, debt consolidation, education, and emergencies. The funds are flexible.
A HELOC can stay open and available with no obligation to draw. You only pay interest on amounts you actually use.