What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. Unlike a traditional loan, you can draw funds as needed during the draw period and only pay interest on the amount used. HELOCs typically have variable interest rates and flexible repayment terms.

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Types of HELOCs

• Interest-Only HELOC

• Fixed-Rate HELOC Options (convertible balances)

• Investment Property HELOC (availability varies)

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HELOC Features & Qualification

• Access funds as needed during the draw period

• Only pay interest on the amount you use

• Variable interest rates tied to market conditions

• May have lower upfront costs compared to traditional loans

• Ability to reuse credit as it’s paid down

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Who Can Benefit?

• Homeowners with available equity

• Borrowers looking for flexible access to funds

• Those planning home improvements or renovations

• Investors looking to leverage equity for additional opportunities

• Homeowners wanting a financial safety net for unexpected expenses

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All loans are subject to credit review and approval. Terms, rates, and availability may vary. This is not a commitment to lend.