Enjoy ongoing access to funds (up to your credit limit), so you can borrow and repay money when it's convenient for you.
Plus, BB&T offers its signature Fixed Option Feature on Home Equity Lines of Credit. This features allows you to lock in balances on your BB&T Home Equity Line with a low fixed rate, term and payment while continuing to allow you access to the rest of your available credit. The best part is, your available credit is instantly replenished as you make payments to the fixed portion of your line of credit.
Some suggested uses for your loan are:
- Home improvement
- Major purchases/appliances
- Tuition or education costs
- Ongoing or unplanned expenses
- Debt consolidation
- Medical expenses
- Vacation
An advantage is the interest on your line of credit may be up to 100% tax deductible.3
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