What is Flex Equity?

A Flex Equity Line is a type of Home Equity Line of Credit (HELOC), a revolving form of credit that uses your home as collateral that you borrow against and pay it back as many times as needed in the draw period. You can lock in a fixed rate on all or any portion of your variable balance at any time.

• Any portion of the balance that is not converted into a fixed-rate option will continue to have a variable rate and minimum payment in addition to the fixed-rate payment.
• You can have up to 4 fixed-rate options in place at any time.