Home Equity Line of Credit

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The flexibility you need, from a lender you trust

Whether you’re remodeling, paying your child’s college tuition, or want to consolidate your debt1, the flexibility and convenience of a variable rate Home Equity Line of Credit could help. You can use it as a revolving line and pay interest only on the amount you borrow2. Easily access your line of credit by writing a check or call us for a wire transfer3.

What you get

  • Our Mortgage Consultants will guide you from start to finish
  • No title insurance fees for credit lines less than $250,0004
  • No pre-payment penalty
  • Potential tax benefits5

Today's Rates

The interest rate4 and credit limit are based on several factors, including your income, assets, the equity in your home and your credit (FICO) score.6

Your Credit
 Home Equity Credit Line Amounts and APR*
 
$150,000 and Above
$100,000 to $149,999
$50,000 to $99,999
$25,000 to $49,999
Excellent Credit 3.88% 4.37% 4.87% 6.87%
Good Credit 4.37% 4.62% 4.87% 7.12%
Average Credit 4.62%  5.12% 5.12% 7.37%
Fair Credit 5.62% 5.62% 5.62% 7.87%

* Annual Percentage Rate


Review your options with us.

Just give us a little bit of information about yourself, and a mortgage consultant will contact you shortly. We’re here to answer your questions and discuss the options that are right for you.

You can also call us at 844-248-2360 (mention code 4CHTAA).

Fields marked with an asterisk (*) are required.

Phone Number
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Weekdays 8:30AM - 8PM ET

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Questions?

    How does a HELOC work?

    With a home equity line of credit (HELOC), you'll be able to borrow funds as needed up to your credit limit. You'll receive a checkbook after closing to borrow funds from your line as you need them. The interest rate is variable and you will only pay interest on the amount you use. You'll receive a monthly statement if you have activity on your account.

  • How does a HELOC work?
  • How much can I borrow?

    This depends on determining the available equity in your home and on your personal financial situation. A variety of factors, including state regulations, affect the amount you can borrow. Contact an experienced Mortgage Consultant at 844-248-2360.

  • How much can I borrow?
  • How will I access my home equity line of credit?

    Through home equity checks and wire transfers. You’ll receive a checkbook after closing to borrow funds from your line as you need them. There may be fees associated with wire transfers. Call 844-248-2360 to talk to an experienced Mortgage Consultant about the ways you would be able to access your line.

  • How will I access my home equity line of credit?
  • How is the value of my home determined?

    We will determine the value by ordering an appraisal of the property.

  • How is the value of my home determined?
  • What are some reasons to use a home equity line of credit or home equity loan?

    Many homeowners use the equity in their home to pay for home improvements, cars and trucks, weddings, vacations, college tuition, or to consolidate existing debt.*

    * While consolidation may decrease your overall monthly payment obligations, refinancing pre-existing debt with a home equity loan/line will require you to give us a security interest in your home and may increase the total number of monthly debt payments, as well as the aggregate amount paid over the term of the loan.

  • What are some reasons to use a home equity line of credit or home equity loan?