Choice Home Equity Line of Credit

Give yourself the flexibility to access funds for home improvements, debt consolidation and more, now and in the future.[1]

 

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Learn About a Choice Home Equity Line of Credit


Competitive rates.


Great for debt consolidation, home improvements, mortgage refinancing and more.


Apply once, use the line as many times as you want over the draw period up to your available credit.


Only pay interest on what you spend, like a credit card.

One account, your CHOICE

Fixed and variable rate options throughout the draw period.



Fixed Rate

Get the stability of a fixed rate & monthly payment.

  • Lower closing cost option to refinance your mortgae or to access your home's equity.
  • Great for large home improvement projects, debt consolidation & paying major expenses.

 



Variable Rate & Payment

All new balances start at a competitve variable rate and payment.

  • Great for home improvements, consolidating debt or other unexpected expenses.
  • Competitive low rate and payment that can give affordable payment option.

 

PNC's Choice Home Equity Line of Credit compared
to other solutions

 

  Choice Home Equity Line of Credit Typical Home Equity Installment Loan Typical Home Equity Line of Credit
Competitive Rates
No fees at account opening

Choose your fixed rate terms
Know your payoff date

Fixed monthly payment options


Ongoing access to funds during draw period

Only pay interest on what you spend

Frequently Asked Questions

 

What You Need to Apply

What You Need to Apply

Personal  Information for Applicant and Co-Applicant:

  • Full legal name, Social Security number, Date of Birth
  • Current address and previous, if less than two years
  • Current employer and previous, if less than two years, including main office phone number
  • Government issued photo ID (Driver’s license, US passport or state-issued ID)

Provide Required Documentation
Additional information and other required documentation may be needed to process your credit application. Depending on your individual financial situation, you may be required to provide some or all of the following:

  • Tax statements
  • Copies of pay stubs
  • Financial statements (bank and asset)
  • Information on additional properties you may own

 

Find a Mortgage Loan Officer in your area to get started

Find a Mortgage Loan Officer

Home Equity Uses

Here are a couple of examples of how you can use your Home Equity:

  • Consolidate Debt
    • If you are finding it hard to manage monthly payments for credit cards, student loans and auto loans, you may be able to consolidate some of your debt with a home equity loan and make one monthly payment.
  • Renovations
    • Whether you are renovating to get more space, reduce energy costs, or to turn your house into your dream home, accessing your home equity can be a good option.
    • Estimating the cost of your project is the first step. Get quotes from multiple contractors, and to be safe, add 20-30% to the total to account for potential overages.
  • Repairs or Maintenance
    • Regular maintenance and minor repairs are a part of homeownership. But if your home needs more costly repairs, like a new roof or floors, using your home equity could be a smart choice.
    • Estimating the cost of your project is the first step. Get quotes from multiple contractors, and to be safe, add 20-30% to the total to account for potential overages.
  • Finance a Purchase
    • Whether planned or unplanned, large purchases or expenses can throw a wrench in your budget. You can access the equity in your home to finance things like a car, tuition or to pay for a wedding.
    • Remember, the interest you’ll pay on a home equity loan will add to the overall cost of any purchase. Your interest rate and monthly payment may vary over the life of your loan depending on the loan product you choose to use, and if you can’t make a payment you may put your home at risk. So carefully consider if the expense is worth it.

Ready to get started with a choice home equity line of credit?

Complete this form and we'll contact you within 1-2 business days.[2]


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Contact Information

Are you eligible for a VA home loan?

Do you currently have a mortgage or home equity loan or line with PNC? *

The intent for obtaining this information is to be used strictly for consumer inquiry purposes only. All loans require the submission of a loan application and are subject to credit approval and property review. Program terms are subject to change.

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PNC product and feature availability varies by location. By using your zip code, we can make sure the information you see is accurate.
If your zip code above is incorrect, please enter your home zip code and click submit.

 

Important Legal Disclosures and Information

  1. Credit is subject to approval. Certain restrictions and conditions apply.

  2. Important Information about phone calls, texts, prerecorded and email messages: If, at any time, you provodie to PNC Bank, its affiliates or designees (PNC) contact numbers that are wireless telephone number(s) including, but not limited to, cell or VoIP numbers, you are consenting to PNC using an automated dialing system to call or text you, or to send prerecorded messaes to you, in order to service, and collect on, any personal account(s) (for which you are an authorized signer or designated contact person) with PNC and/or affiliates, but not to market to you. For any type of phone call with PNC, you consent that the call may be monitored or recorded for quality control and training purposes. By providing your email address, you consent to receive electronic mail from PNC, its affiliates and designees.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC

PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.