Virginia HELOC rates Secret to massive savings revealed

Potential Savings with HELOCs

The potential savings with a HELOC can be substantial, especially when used to consolidate higher-interest debt. For instance, transferring credit card balances with interest rates of 15% or higher to a HELOC with a 5% rate can save you thousands of dollars in interest over time². Additionally, the interest paid on a HELOC may be tax-deductible if used for home improvement purposes, providing further financial benefits³.