Tap Into Your Home’s Value: 11 Unexpected Uses for a Home Equity Line of Credit
Contact us to see how much equity you can access.
What Is a HELOC?
A Home Equity Line of Credit, or HELOC, is a flexible credit line that lets you borrow money using the value (or equity) you’ve built up in your home. It works much like a credit card, but usually with lower interest rates and better terms—because it’s secured by your home.
You can borrow only what you need, when you need it, and use the funds for just about anything: from paying off debt to financing family goals, or even something fun, like buying a boat or building a pool.
At Reliabank, we make HELOCs easy to understand—and easy to use. If you own your home, you could have access to funds right now, without selling or refinancing.
Your Home’s Value Could Do More Than You Think
Let’s explore some innovative ways to utilize a Home Equity Line of Credit that you might not have considered:
1. Fund a Passion Project
Whether it’s restoring an old car, starting a flower farm, or finally writing that book—your passion deserves room to grow. A Home Equity Line of Credit gives you flexible, affordable funding to bring creative or personal dreams to life.
2. Recreational Vehicles and Equipment
Use your Home Equity Line of Credit to invest in South Dakota fun—whether on land or water.
- A new boat
- A camper or RV
- A motorcycle, side-by-side, or ATV
3. Home Renovations
Your home is your biggest investment—use your Home Equity Line of Credit to make it even better! Whether it’s remodeling your kitchen, finishing a basement, or upgrading insulation for energy savings, a HELOC gives you flexible funds at competitive rates. These improvements can boost your home’s value and comfort without dipping into savings.
4. Upgrade Your Backyard
Turn your backyard into your own vacation spot.
A Home Equity Line of Credit is perfect for:
- Installing a pool or hot tub
- Creating a patio, fire pit, or pergola
- Building a detached garage, barn, or shop
These upgrades can also increase your home’s value over time.
5. Celebrate Life’s Big Moments
From weddings and retirements to adoptions and milestone birthdays, a Home Equity Line of Credit lets you celebrate life’s biggest moments without financial stress.
Use your home’s equity to fund unforgettable events and create lasting memories—because important celebrations deserve to be enjoyed fully.
6. Upgrade Your Tech
Outdated appliances or aging tech can make daily life less efficient—and more expensive. Whether you’re replacing a broken fridge, upgrading your home office, or making your house smarter with new gadgets, a Home Equity Line of Credit offers a smart way to pay over time instead of draining your savings or running up a credit card.
Use it for things like:
- Investing in energy-efficient systems
- Upgrading your home Wi-Fi network
- Installing a smart home hub, thermostat, or security system
7. Invest in Yourself (or Your Loved Ones)
Sometimes the most valuable investment is in your own well-being—or the people you care about. From pursuing a healthier lifestyle to supporting personal development, a Home Equity Line of Credit can help you fund goals that bring lifelong returns.
8. Fund an Experience
Whether it’s a summer road trip, or visiting relatives, or a much needed vacation, a Home Equity Line of Credit lets you fund unforgettable family memories without draining your savings or relying on high-interest credit cards.
9. Cover Unexpected Medical Expenses
Medical bills can come out of nowhere—and they don’t wait for payday. A Home Equity Line of Credit can provide fast, affordable access to funds when health emergencies or procedures arise.
Whether it’s an ER visit, surgery, dental work, or out-of-pocket specialist care, using your home’s equity can help you focus on healing instead of stressing over payments.
9. Prepare for Baby
Welcoming a new baby is exciting—and expensive. From medical bills to nursery furniture and parental leave planning, a Home Equity Line of Credit can provide the financial cushion you need to get ready for your growing family with less stress and more joy.
11. Financial Peace of Mind
Life is full of surprises, and having a reliable financial backup can make all the difference. With a Home Equity Line of Credit, your home’s value can be a flexible, affordable financial resource you can count on.
Use it to:
- Consolidate debt
- Build an emergency fund
- Avoid high-interest borrowing
✅ Ready to Put Your Home’s Value to Work?
At Reliabank, we’re here to help you turn your home’s value into real opportunities—
fun, functional, or financial.
Next Steps:
- Visit your local Reliabank
- Contact us to see how much equity you can access
Have questions? We’re your neighbors—and we’ll walk you through it.
Sources
1. Federal Trade Commission Consumer Advice – Home Equity Loans and Home Equity Lines of Credit
2. Consumer Financial Protection Bureau: What you should know about Home Equity Lines of Credit
HELOC Disclosure
https://www.reliabank.com/personal/personal-loans.php
Subject to credit approval. Terms and Conditions apply. A Home Equity Line of Credit (HELOC) is secured by your home and may require a property appraisal. Terms and program availability are subject to change without notice.
Funds from a HELOC can be used for a variety of consumer purpose reasons, including but not limited to, home improvements, debt consolidation, and education expenses. Not all uses may be advisable depending on your financial situation. Consult a financial advisor to determine if a HELOC is right for you. Your home is used as collateral for a HELOC. Reliabank – Member FDIC – Equal Housing Lender.
