Access your home's equity through a HELOC, a revolving credit line with flexible payments. Borrow as much as you need up to your credit limit to pay for home improvements, major expenses or to consolidate debt.

A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards.

What is the Regions Protection Line of Credit? It's a small, revolving line of credit that allows funds to be borrowed, repaid and then borrowed again for overdraft protection needs. The line of credit is made available to Regions customers by email or online invitation only.

Interest rates and fees Interest rates range from: Prime + 5.00% to Prime + 18.00%. View Regions Preferred Line of Credit product details. Variable APR based on The Wall Street Journal prime rate, plus a margin. The margin is based on the amount of the approved line amount.

A home equity loan offers borrowers a lump sum with an interest rate that is fixed but tends to be higher. HELOCs, on the other hand, offer access to cash on an as-needed basis, but often come with an interest rate that can fluctuate.

With a home equity loan, you receive the money you are borrowing in a lump sum payment and you usually have a fixed interest rate. With a home equity line of credit (HELOC), you have the ability to borrow or draw money multiple times from an available maximum amount.

A home equity line of credit (HELOC) is a loan that allows you to borrow, spend, and repay as you go, using your home as collateral. Typically, you can borrow up to a specified percentage of your equity. Equity is the value of your home minus the amount you owe on your mortgage.

The three common types of credit - revolving, open-end and installment - can work differently when it comes to how you borrow and pay back the funds. And when you have a diverse portfolio of credit that you manage responsibly, you can improve your credit mix, which could boost your credit scores.

A line of credit is a flexible loan from a financial institution that consists of a defined amount of money that you can access as needed. You can repay what you borrow from a line of credit immediately or over time in regular minimum payments. Interest is charged on a line of credit as soon as money is borrowed.

9.01% What are today's average HELOC rates?

A home equity loan allows you to borrow a lump sum of money against your home's existing equity. A HELOC also leverages a home's equity but allows homeowners to apply for an open line of credit. You then can borrow up to a fixed amount on an as-needed basis.

HELOCs come with both benefits and risks. They can provide you with funds at a lower interest rate than other kinds of loans, and obtaining one can be quicker than going through a traditional loan process. On the other hand, you're using your home as collateral.