The equity you’ve built in your home could be the cash answer you’ve been searching for.
You’ve worked hard to increase the equity in your home, and maybe now it’s time your equity went to work for you. Our home equity line of credit offers a convenient and low interest rate solution for tapping into your equity whenever you need it.
HELOCs typically have a lower interest rate than credit cards. And while credit cards and HELOCs are both revolving lines of credit, a HELOC is tied to the value of your home, so it’s considered a secured loan. A HELOC may affect your FICO score differently than credit card debt would.
With a HELOC, you can borrow against the value of your home as you need it, and repay like a credit card. Home equity loans deliver a lump sum of money at one time, which you repay in set installments—they work more like traditional mortgages.
A cash out refinance could be another option for you depending on your current loan situation and goals. A HELOC will provide you with the flexibility of a revolving line of credit, while a cash out refinance will result in a one-time distribution of money. Learn more about refinancing
The maximum credit limit of your HELOC is determined by a combination of factors, including the value of the property, your credit score and debt-to-income ratio.
There’s minimal paperwork required when opening a HELOC. Just contact one of our mortgage experts to get started. The loan application takes about 20 minutes to complete.
If you’d like to extend the terms of your HELOC or make any other changes, contact us to complete a new application.
With our home equity line of credit, you’ll also enjoy 24/7 access to your account. Log in at any time to view your transaction history, download a tax document or make a payment.
Your new home loan answer is just around the corner. And our mortgage experts are standing by to show you a better path to your home loan goals.
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Current variable rates as low as 5.750% APR,