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A Home Equity Line of Credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line
Similar to a credit card, a HELOC allows you to borrow what you need, as you need it. As you repay your outstanding balance, the amount of available credit is replenished. This means you can borrow against it again if you need to throughout the draw period.

Home Equity Line of Credit (HELOC)

Help If You need money over time
How It Works Borrow up to 85% of your home's equity - $500,000 max
Rate Type Variable rate 1.0 over prime rate
Term 15 year draw
Questions Contact our mortgage department  (248)624-5222
   

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