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First responders, healthcare workers, military personnel and teachers make countless contributions to their communities. To say thank you, First Merchants wants to give back by offering a customized financial solution with special perks.

If new to exploring credit and loan options, you’re likely wondering if a home equity line of credit, or HELOC, is a good option for you. You may want to consider a home equity line of credit if you need money for things like home improvements

If you’re looking for a solution to cover a major expense or consolidate debt, you may want to consider a home equity loan, which allows you to borrow against the equity in your property.

Whether you plan to use a home equity loan to cover a major expense or consolidate debt, it’s not a decision to take lightly. To find the best bank for a home equity loan, you need to identify the lending terms that best fit your personal financial needs and goals.

Before committing to your current mortgage lender for a home equity line of credit, consider exploring other options to ensure you’re finding the best HELOC lenders.