Home equity line of credit

A revolving line against your home's equity that you can draw on as needed.

Foto: GlacierNPS · Public domain · Wikimedia Commons

Nota: Página en español pendiente: esta página se publicará en español después de la revisión de un oficial de préstamo bilingüe. A continuación se muestra la versión en inglés.

Who it's for

Homeowners who want flexible access to equity without refinancing their first mortgage.

How it works

You're approved for a credit limit, draw what you need, and pay interest only on what you use.
Rates are usually variable. There's a draw period followed by a repayment period.

What you'll need

Equity in your home
Income and credit documents

Common questions

HELOC or cash-out refinance?

If your first mortgage rate is low, a HELOC leaves it alone. If you want one fixed payment, a cash-out refinance may fit better. We'll run both.

Por diseño, esta página no muestra tasas, APR, pagos ni porcentajes de pago inicial. Esas cifras solo se publican con la divulgación completa exigida por la Regulación Z.

Structured data on this page (JSON-LD, for review)

{
 "@context": "https://schema.org",
 "@type": "FAQPage",
 "mainEntity": [
  {
   "@type": "Question",
   "name": "HELOC or cash-out refinance?",
   "acceptedAnswer": {
    "@type": "Answer",
    "text": "If your first mortgage rate is low, a HELOC leaves it alone. If you want one fixed payment, a cash-out refinance may fit better. We'll run both."
   }
  }
 ]
}