Your Home Can Help Support What's Next

READY. SET. REMODEL.

Whether you’re improving your space, planning for college, taking a trip, or simply making life a little easier, a HELOC offers flexible financing designed around your goals.

A HELOC gives you flexible, affordable access to cash for home improvements, debt consolidation, or major expenses, using the equity you’ve already built.

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4.50%

APR*

6-Month Intro Rate

6.75%

APR*

Current Variable Rate

Use the value you’ve built up in your home to fund your next project with a quick and convenient Home Equity Line of Credit (HELOC). Your home’s equity can provide the financial flexibility you deserve for your next initiative. Whether it’s home renovations, education expenses, dream vacations, or unforeseen medical bills, a HELOC can help you to achieve your goals, like no other.

Benefits of a HELOC

  • Tax-advantaged – the interest may be tax deductible.

  • Save money – no closing costs when you maintain the account for at least three years.

  • Payments your way – repayment options offer you financial flexibility.

  • Get approved fast – our dedicated team will work with you to quickly put your home to work for you.

Smarter Borrowing Starts Here.

Click on a link below to visit your bank to Learn More and Apply today!

Chemung Canal Trust Company
Capital Bank
Canal Bank

  • A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows you to borrow against the available equity in your home. Unlike a traditional loan that provides a lump sum, a HELOC gives you the flexibility to access funds as you need them, up to your approved credit limit.

  • A home equity loan provides a one-time lump sum with fixed payments. A HELOC works more like a credit line, allowing you to borrow, repay, and borrow again during the draw period. Many homeowners choose a HELOC when they need ongoing access to funds for projects or expenses that may occur over time.

  • Many homeowners use a HELOC for:

    • Home renovations and improvements

    • Debt consolidation

    • Education expenses

    • Emergency expenses

    • Major purchases

    • Ongoing projects with costs that may change over time

  • The amount you may qualify for depends on several factors, including your home’s value, your existing mortgage balance, your income, and your credit profile. A lending specialist can help determine your available borrowing power.

  • Home equity is the difference between your home’s current market value and the amount you still owe on your mortgage. As your home value increases and your mortgage balance decreases, your available equity may grow.

  • No. While lenders review your credit history as part of the application process, many homeowners with good credit and stable income may qualify. Additional factors such as debt-to-income ratio and available home equity are also considered.

  • The process is often simpler than many homeowners expect. You’ll typically provide information about your income, debts, and property, and the lender will evaluate your home’s equity and your overall financial picture.

  • A HELOC is secured by your home, so it’s important to borrow responsibly and have a repayment plan in place. Because many HELOCs have variable interest rates, monthly payments may change over time.

  • A HELOC may offer greater borrowing flexibility and can provide access to larger amounts based on your available home equity. Many homeowners also appreciate that they only borrow what they need, when they need it.

  • Many homeowners use HELOC funds for renovations, upgrades, and improvements that enhance their home’s functionality and may increase its value over time.

  • A HELOC may be a good fit if you have available equity, need flexible access to funds, and want a financing solution that can adapt to your changing needs. Speaking with a home equity specialist can help you determine the best option for your goals.

  • Our Home Equity Specialists are here to help you understand your options and determine whether a HELOC is the right solution for your financial goals. Apply Today or schedule an appointment to get started.

*APR = Annual Percentage Rate. Minimum line of $10,000 required. Minimum additional borrowing of $10,000 for current HELOC accountholders required. The APR will be 4.50% for the first six (6) billing cycles from the closing date of the line. After six billing cycles, the APR will adjust to the highest Prime Rate published in the Wall Street Journal on the last business day of the prior month. Assuming no change in the current Prime Rate as of May 18, 2026, the APR after six months would be 6.75%. The lifetime cap for the line of credit is guaranteed not to exceed 16.00% APR, with a floor of 4.00% APR. You will be required to reimburse the Bank certain fees paid to third parties if the line is terminated within three years of the opening date. These can be as low as $1,068.29 for a $10,000 credit line or as high as $2,968.29 for a $200,000 credit line. Collateral mortgage required to be filed. Promotional period ends August 31, 2026. Consult your tax adviser for information regarding the potential deductibility of interest and fees.