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Home Equity Lines of Credit can be used for a new car, home improvement, paying off those high interest rate credit cards, college tuition or any unforeseen emergency.
With a Wayne Bank Home Equity Line of Credit you are in control, you decide when and for what you use the money and it's easy to do, you just write one of your Home Equity Line of Credit checks or request a transfer from your HELOC to your Wayne Bank checking or savings account.
Home Equity Lines of Credit have several advantages:
Lower interest rates
Lower monthly payments
Money available when you need it
Interest may be tax deductible*
*Consult your tax advisor