How Equity Loans And Lines Of Credit Work
You’ve worked hard to build equity in your own home. A Home Equity Line of Credit (HELOC) or Home Equity Loan allows you to turn that equity into funds you can borrow for renovations, buying more property, and other large investments.
With a HELOC or home equity loan, you’re borrowing against the value of your home. A HELOC gives you a revolving line of credit, meaning your payment varies based on how much you’ve borrowed.
As you repay your outstanding loan, more funds become available for HELOC lending.
Unlock Loan Savings
Generally, HELOC rates are variable, and in some cases, the interest on a HELOC can be tax deductible.
With a HELOC, you can continue to borrow as your needs shift. With every repayment, you’re strengthening your borrowing position and expanding your line of credit.
In most cases, a HELOC allows homeowners to borrow about 80% of the value of their home.
Work With HELOC Pros
With the help of our lending team, you can decide whether a HELOC is the right fit for your finances and your funding goals.
Start Your HELOC Application Online
Click below for our Mortgage Center
and complete the online application.
We’ll get in touch
to discuss how a HELOC can work for you and your funding goals.
Choose the terms
that suit your needs and open a flexible line of credit.
Apply Now Online
Our lending team will review your application and get in touch quickly to discuss your HELOC options.