December 15, 2025
Wondering how to cover the cost of holiday gifts, travel, home improvements and other expenses, your home's equity could offer a smart solution. A Home Equity Line of Credit (HELOC) provides flexible access to funds, making it easier to manage larger holiday spending. If you're anticipating significant expenses this season, a HELOC might be just what you need to ease the financial stress.
What is a HELOC? A Home Equity Line of Credit (HELOC) is a secured loan using your home as collateral. The amount you can borrow is based on your home’s equity (the value of your home minus what you owe on it). HELOC’s offer flexible borrowing options that allow you to access funds up to a set credit limit over a defined term. Much like a credit card, you can borrow/draw money as needed, and make monthly payments based on the amount you've actually borrowed. Since it's a form of revolving credit, any principal you repay becomes available to borrow again giving you ongoing access to your home's equity.
Arundel Federal Savings Bank offers revolving home equity lines of credit (HELOC) as well as fixed rate/term home equity loans. View current HELOC offers. Have questions? Contact one of our Loan Originators for assistance.
A HELOC can be a powerful financial tool—not only for sprucing up your home in time for holiday hosting, but also for making lasting improvements that enhance your property's value and comfort. With thoughtful planning and strategic use, a HELOC allows you to create a warm, welcoming space while helping you avoid financial strain in the future. *Interest paid on a HELOC may even be tax-deductible if the funds are used for home improvements, potentially offering additional financial relief.
Don’t let the holiday season sneak up on you unprepared. Tap into the equity of your home to make your holidays brighter this year.
*Conditions apply. Consult with a tax advisor to understand how these benefits may apply to your specific situation.