Your HELOC provides more flexibility to support your goals than other loan options due to the low adjustable rate, no minimum advance requirements, no prepayment penalty, and flexible repayment terms — during the initial 10-year draw period your minimum payments are interest-only, followed by a 15-year repayment period to cover any outstanding balance.*
![8 Ways to Use a HELOC](https://www.sesloc.org/wp-content/uploads/2021/11/Blog-Headers-Collection-8-3-1080x675.png)