A Home Equity Line of Credit (HELOC) is a revolving line of credit that uses the equity in your home as collateral. This means that you can borrow money up to a certain limit, and you only pay interest on the amount you borrow. HELOCs have variable interest rates, but they may be lower than other forms of credit, such as personal loans or credit cards.

Pros and cons of using a HELOC


  • Typically lower interest rates compared to other forms of credit
  • Can be used for a variety of purposes, such as home improvement projects, unexpected costs, and educational expenses
  • Interest may be tax-deductible (consult with a tax advisor)


  • Variable interest rates can fluctuate
  • You are borrowing against the equity in your home, so you could lose your home if you default on the loan
  • There are fees associated with HELOCs

Is a HELOC right for you?

HELOCs can be a good option for homeowners who are looking for a flexible line of credit with potentially lower interest rates. However, it is important to carefully consider the pros and cons before applying for a HELOC. You should also consult with a financial advisor to see if a HELOC is right for your individual financial situation.

Here are some additional things to keep in mind if you are considering a HELOC in NEPA and the Lehigh Valley:

  • Home prices have been rising, which means that you may have more equity in your home than you realize. This could make you eligible for a larger HELOC.
  • Interest rates can fluctuate.

Learn about the current Fidelity Bank Spring HELOC offer.