The Benefits of a HELOC: Flexible Borrowing for Your Next Project

If you've been thinking about tackling a home improvement project, consolidating debt, or creating a safety net for unexpected expenses, a Home Equity Line of Credit (HELOC) may be an option to consider.

Trey Burnikel, lender at FreedomBank in Monona, shared his perspective on why HELOCs are a popular choice among local homeowners and how FreedomBank makes the process easy.

- Trey Burnikel, Lender,
FreedomBank Monona
NMLS #2700401

“The biggest advantage of a HELOC is flexibility. You can borrow what you need, when you need it, and only pay interest on the amount you use.

HELOCs also typically offer competitive rates compared to some other forms of credit, making them a cost-effective way to access the equity you've built in your home.”

“At FreedomBank, we keep the process simple and personal. You're not calling a 1-800 number. You're talking to someone who lives and works in your community and is willing to meet with you however you're most comfortable - over the phone, by email, or in person.”

“The average HELOCs can be closed within a few weeks, depending upon the timeline of when documentation is received. We work closely with local businesses and partners to make sure our clients get the fastest turnaround possible.”

If you think a HELOC could be the right fit for your needs, our lending team is here to guide you through the process.