PERSONAL BANKING / Home Equity Lines of Credit HOME EQUITY LINES OF CREDIT (1) With a home equity line of credit you can access guaranteed funds based on the equity of your home. The revolving line of credit is structured to offer an attractive interest rate for whenever you need to borrow, and easy check writing gives you easy access to the funds as you need them, up to your approved credit limit. Your monthly payment is calculated on your balance. You can borrow funds, pay off your balance and renew your cash availability any time. In most cases, the interest is tax-deductible on a home equity line of credit. (Consult your tax advisor.) (1) Subject to credit approval.