A home equity loan and a home equity line of credit (HELOC) offers two different ways to access funding for repairs, renovations or additional expenses by using your home’s equity. Your home’s equity is calculated using the loan-to-value (LTV) ratio:

Home Equity Loan:

• Provides a lump sum of cash
• Repaid over a fixed term
• Consistent monthly payments
• Fixed interest rate for the loan duration

HELOC:

• Revolving line of credit to draw when needed
• 10-year draw period
• Operates similar to a credit card with multiple ways to access
• After the draw period you’ll enter a repayment period that can last up to 15 years
• Interest only payments during the draw period
• Interest and principal payments during the repayment period
• Variable interest rate

A HELOC provides flexibility and the ability to access funds when needed, while home equity loans offer a fixed lump sum with consistent monthly payments. Choosing one over the other depends on your financial goals and preferences. You can talk with a personal finance officer to find out which one is best for you.

The grace period on credit card purchases will depend on the type of card you currently have. There is no grace period on cash advances or convenience checks. For information about your specific card, please call credit card customer service at 866-952-8199 or the phone number on the back of your card.

Credit card application approval times may vary. We strive to make a decision on credit card applications within two business days of receipt. Contact our Credit Card Department to check on the status of your application.

To view your credit card statement online, log in to Digital Banking. Find your credit card account on your dashboard, and click "View Transactions."

Yes, Landmark offers several credit card programs including Rewards cards, Cash Back cards, Student cards, Business cards and Secured cards. We invite you to learn more about our credit card options and apply online.