Home Equity Loans & HELOCs

Put Your Home's Equity to Work for You

With every monthly mortgage payment you make, you build equity in your home. That equity can serve as a valuable tool for your finances. United Community Bank offers two home equity products - home equity loans and home equity lines of credit (HELOCs). Each of these loans offer different benefits and serve different purposes. Our lending officers will help you choose the loan that works the best for your current financial situation. You can start the process by contacting our lending team to schedule a discussion.

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Home Equity Loans vs. HELOCs: Which is Right for You?

Loan Type	This Loan Is Best For	How This Loan Is Disbursed	Benefits of This Loan
Home Equity Loans	Large, one-time expenses like renovations or debt consolidation	Lump-sum payment received upfront	Fixed interest rate Predictable monthly payments Good for budgeting
Home Equity Lines of Credit (HELOCs)	Ongoing, variable expenses or supplementing you during periods of low cash flow.	Withdraw funds as needed during draw period.	Flexible access to funds Interest is only paid on what you draw, not the full amount. As funds are repaid, they become available to borrow again.