A HELOC is a flexible line of credit that lets you to borrow money against the equity you’ve built through home ownership. Only pay interest on the amount you use, and it can be used for almost any purpose - from home improvements to unexpected expenses, to paying off debt.

Benefits of a HELOC

• Competitive rates and lending terms to fit your needs 
• Flexibility - Only pay interest on the amount you use
• Availability - 24/7 access to the funds you need, when you need them
• May be tax deductible – Consult with tax professional

A HELOAN is a secured loan that let’s you to borrow money against the equity you’ve built into your home. Home equity loans provide one-time funding, a fixed rate, predictable monthly payments, and fixed terms. FNBO’s home equity loans offer competitive rates and a variety of repayment terms to fit your needs.

Benefits of a HELOAN

• Fixed interest rate and fixed loan terms.
• Predictable monthly payments.
• Best for large, single purchases of a specific amount.
• May be tax deductible – Consult with tax professional.