Home Equity Line of Credit (HELOC)

You've built the equity in your home.  Now, make the most of it.

A HELOC is a open line of credit that gives you access to up to 85% of your combined loan to value on the equity you’ve built in your home. So if your home is worth $200,000 and you owe $120,000, you can borrow up to $50,000 on a HELOC. It’s money you can use for just about any purpose.

Borrowing against your equity also allows you to access just the amount you need, without refinancing or affecting your current low-interest first mortgage.

Even better, we can often close a HELOC in just days, not weeks, helping you get the money you need when you need it. Loans are available from $20,000 up to $400,000. So take a few minutes now to find out how much you’re eligible to receive.

A Home Equity Line of Credit can be the right choice to:

• Pay off high-interest credit card debt – at a lower interest rate
• Buy another home with the proceeds
• Make improvements – to increase the value of your home
• Pay for college – so your children get the education they deserve
• Get the cash you need for a large purchase - it’s really up to you

Facts about a Home Equity Line of Credit:

• Loans from $20,000-$400,000
• Cash out-up to 85% combined loan to value
• Affordable monthly payments
• Variable rate with terms up to 30 years
• Fast closing-in just days, not weeks
• Won’t affect your low 1st mortgage rate