A line of credit secured by your home with a set limit. You can access your funds when you want and pay interest only on the funds you use. The variable interest rate is determined at the time you withdraw funds from your account. A HELOC is often used for major expenses such as education, medical bills, home improvements, and debt consolidation.
A HELOC offers flexible payment options and access to funds whenever you need them.
A HELOC is ideal in helping you prepare for situations when you may need money, but don’t know the exact amount or when you will need it. If you are looking for a particular loan amount with set terms, you may want to also explore a cash out refinance.
“ I enjoyed all the individuals I worked with. Evan was both friendly and professional and took the time to understand my specific situation and guide me to the proper loan option. Jane was a pleasure to receive her clear timely communication and responses during loan processing, and Diane was highly efficient through the close process. ”
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