How a Home Equity Credit Line Works

How a Home Equity Credit Line Works

A home equity credit line, often called a HECL or HELOC, is a revolving line of credit that is secured by a lien placed against your home. Often, customers ask how a HECL differs from its sister, the home equity loan. When you get a HECL, you are approved to use it to a specific [...]

Should Your Business Have a Line of Credit?

Should Your Business Have a Line of Credit?

What is a business line of credit? A business line of credit is a revolving facility that functions much like a credit card and/or a home equity line of credit. Lines vary in size from $10,000 to millions of dollars. They can be accessed by writing a check or online transfers, especially lines under $500,000 [...]

Prom on a Budget

Prom on a Budget

It’s prom season! In high school, I tried to pretend that I was not super-excited about prom…but I really was. It was an excuse to get all dressed up and go to a big party with my friends. I bought the dress, boutonnière, limo, shoes, etc. Along the way, I picked up a few money-saving [...]

It’s Electric! US Savings Bonds go “e”

It’s Electric! US Savings Bonds go “e”

Ever get a U.S. Savings Bond as a gift? Often, they are given as gifts to help you save and pay for college. Have you wondered what a savings bond is and how it works?   What is a Bond? When a company, or in this case the United States government, needs to borrow money [...]

Switch to our desktop site