A home equity line of credit (HELOC) is a financial product that uses a portion of your home equity as collateral against a revolving line of credit. HELOCs have a minimum and maximum draw amount, meaning you have to take out a certain amount of cash from the credit line when you start, and can only take so much cash out of the revolving credit line at any point in time.
To speak to one of our loan officers and discuss your options, give us a call at 888-608-5534 (Monday–Friday, 11AM–9PM ET). Or, start your application now!