Unlock Your Home's Equity — Turn It Into Possibility.
Access the cash you need without refinancing your entire mortgage. With a Home Equity Line of Credit (HELOC), you can use your home's equity for what matters most — renovations, debt consolidation, or new investments.
What Is a HELOC?
A Home Equity Line of Credit (HELOC) lets you borrow against your home's available equity — similar to a credit card, but with far lower rates. You draw only what you need, when you need it, and pay interest only on the amount you use.
Key Benefits:
- Tap into equity without refinancing your current loan.
- Use funds for home improvements, debt payoff, or investments.
- Pay interest only on what you borrow.
- Flexible repayment options.
- Competitive variable or fixed-rate structures.
How It Works (3-Step Process)
Apply Online
Submit a short application to check your home's available equity and eligibility.
Get Approved
We'll verify income, credit, and property value — typically within days.
Access Funds
Withdraw funds as needed during your draw period; pay back on your schedule.
How a HELOC Works
A Home Equity Line of Credit gives you flexible access to your home's equity with a revolving credit line, similar to a credit card but secured by your property.
Draw Period (5-10 years)
Access funds as needed up to your credit limit. Make interest-only payments during this phase.
Repayment Period (10-20 years)
No more draws allowed. Begin paying principal and interest on the outstanding balance.
Flexible Access
Use online banking, checks, or a debit card to access your funds when you need them.
Eligibility & Requirements
Minimum Credit Score
660+ (varies by lender).
Loan-to-Value (LTV)
Up to 85% of your home's value, minus your current mortgage balance.
Property Type
Primary residence, second home, or investment property.
Documentation
Income verification, credit report, and home valuation.
Common Uses for a HELOC
Home Improvements
Remodel your kitchen, bathroom, or add a new space.
Debt Consolidation
Pay off high-interest credit cards or personal loans.
Education & Tuition
Fund college or continuing education.
Emergency Fund
Keep a line of credit open for peace of mind.
Investing
Use equity strategically to build additional income streams.
Compare HELOC vs. Cash-Out Refinance
| Feature | HELOC | Cash-Out Refinance |
|---|---|---|
| Keeps your current mortgage rate | Yes | No |
| Access equity only as needed | Yes | No |
| Interest on drawn amount only | Yes | No |
| One fixed loan and rate | No | Yes |
| Ideal for small projects or ongoing needs | Yes | No |
Frequently Asked Questions
Will a HELOC affect my mortgage rate?
No. Your existing first mortgage remains untouched. The HELOC is a separate loan secured by your home's equity.
Is the interest tax deductible?
Interest may be deductible if funds are used for home improvements — consult your tax professional.
Can I pay off my HELOC early?
Yes. There are no penalties for early repayment.
How is a HELOC different from a Home Equity Loan?
A HELOC is a revolving line of credit with flexible draws; a Home Equity Loan is a one-time lump sum with fixed payments.
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Ready to Unlock Your Home's Potential?
Get your HELOC pre-approval in 24 hours and start using your home's equity.