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Lines of Credit

Whether you want cash to cover expenses, or just want the security of knowing that you have access to funds should the need occur, a home equity line of credit (HELOC) is a revolving loan that allows you to tap into the value of your home whenever you need it.

The process of obtaining the line of credit is similar to obtaining a mortgage or home equity loan, although settlement costs are usually lower for a HELOC. Once the line of credit has been opened, you can borrow what you need, up to a predetermined maximum, by check or credit card. As you repay the loan, the funds are restored. The line of credit stays open for a predetermined period—usually a minimum of 10 years.

Interest rates on a HELOC are usually adjustable, and tied to the prime rate. Some offer guaranteed introductory rates for a short period of time, and some are convertible to fixed-rate loans when you draw on them. Unlike standard Adjustable Rate Mortgages, HELOCs have no adjustment caps.

We can tell you more about our home equity lines of credit.


What Our Customers Say

Hope all is well! It has been one week since settlement and we just once again wanted to say thank you for helping us through the mortgage process. We are very happy that Dan recommended you as you smoothly moved everything along and made this as painless as possible for us! Thanks for timely answering all of our questions and putting our best interests first. Hope you have a great 2017! All the Best,

~ Mike and Meg G.