Much like a Home Equity Loan, a Home Equity Line of Credit, commonly referred to as a HELOC, allows you to leverage the equity in your house to meet financial or large purchase goals. Unlike a traditional loan, you may draw on your credit line as needed, and are only required to pay interest during the draw period. This financing option is great for home projects, or any other life expenses.
Watch this video to see how it works:
Please contact one of our local mortgage experts to apply for or discuss home equity line of credit options.