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Home Equity Lines of Credit (HELOC)

Take advantage of your home value with a home equity line of credit.

Home improvements, college tuition, investment opportunities and more - it’s all within reach with a home equity line of credit (HELOC), which uses your home’s value to finance certain major expenses. With flexibility to cover a wide range of expenses, HELOC loans empower homeowners to tap into their home equity to establish a new line of credit and set themselves on a path toward future success. 

With no closing costs and options for fixed or locked rates, First Merchants Bank offers some of the best HELOC loans available. Apply for a home equity line of credit online or call 1.800.205.3464 to learn more about home equity line of credit requirements. 


How you could benefit from a home equity line of credit?

With low rates, HELOC loans can serve as effective tools for variety of purposes, including financing home improvements, covering education expenses and consolidating debt. In many cases, interest payments on your HELOC may be tax deductible, too.*

Boost your home value through renovations and improvements

Picture of couple signing documents

HELOCs are great options for homeowners who want to renovate or remodel their homes. And they are flexible lines of credit, allowing homeowners to take as much or as little as they need to pay for home improvements. Examples of home improvement projects that could qualify for HELOC loans include: 

  • Kitchen remodeling
  • Converting attic into a bedroom
  • Adding another bathroom
  • Projects that increase curb appeal (new siding, replacing garage door, windows, landscaping, etc.)
  • Adding storage space
  • Converting unfinished basement
  • Adding square footage
  • Miscellaneous home improvements (high-end appliances, security system, home theater, etc.)

Note: Home improvement projects that don’t increase property value likely won’t qualify. Identify projects that balance personal satisfaction with long-term value.

Our experts are happy to discuss HELOC requirements with you. Apply online for a home equity line of credit to cover home improvement projects or call 1.800.205.3464. 

Increase your earning potential with a college degree

Whether you’re covering tuition for a child or yourself, home equity lines of credit provide affordable interest rates. Completing a bachelor’s degree or adding a master’s degree can significantly increase your earning potential and can lead to promotions and higher salaries. Unlike many college loans, HELOC interest rates are often more affordable and tax deductible.  

Reach out today to secure the best HELOC rate available. Apply online for a HELOC to cover education expenses or call 1.800.205.3464. 

Manage and consolidate your debt with a home equity line of credit

HELOC loans can simplify the process of managing and ultimately minimizing your debt. If you have multiple credit cards with high balances, you can consolidate your debt with a HELOC. That means you can lower your interest rates and potentially boost your credit score by reducing the balances on your credit cards.

Apply for a HELOC online to help consolidate debt or call 1.800.205.3464.

Is a home equity line of credit right for you?

We’re committed to offering the best home equity line of credit options possible. Talk to a financial expert today to learn more about HELOC requirements and see if you qualify. Visit a banking center or call 1.800.205.3464 to speak to a financial expert. Consultations are available at no cost. You can also apply online to secure the best HELOC rates available.

* Consult your tax adviser regarding the deductibility of interest.

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