A home equity line of credit, also known as a “HELOC”, allows you to borrow money against a limit determined by the equity you’ve built into your home. A home equity line of credit allows you the flexibility to borrow against your home equity, repay it and repeat if and when needed.

With a First National Home Equity Line of Credit for NEA Members, you'll have access to your cash equity when you need it:

• Use it for covering multiple expenses or projects with uncertain costs
• Pay interest only on the amount you are using
• Your credit limit is determined by need, equity in home, income and credit score