You can divide up your Home Equity Master Line into smaller portions called sub-accounts. A sub-account gives you the advantage of a fixed rate, fixed payment, and a fixed pay off schedule.
For example, let’s say you want to purchase an $8,000 kitchen countertop. You have a $20,000 credit limit on your Home Equity Master Line and no outstanding balance. You can create an $8,000 sub-account and either lock in that amount at a fixed rate with fixed payments or allow the $8,000 to remain in your variable rate outstanding balance.