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
