Home Equity Line of Credit
Home Equity Lines of Credit (HELOCs) are a revolving line of credit that uses your home as a security. With the proper amount of equity in your home, a HELOC can be a beneficial funding tool to pay for various desires. Use a HELOC to pay for your child’s college education, make some improvements to your home, or take a vacation. HELOCs can be used for anything. What is unique about the Home Equity Line of Credit is that its rate is tied to Prime, so rates may change if Prime changes. It is also interest-only during the draw period of 10 years.
- Competitive & easy-to-understand rates
- Loan may be used for any reason
- No pre-payment penalties
If you are interested in a Home Equity Line of Credit, be sure to meet with a lending officer specializing in home mortgages for further details. To contact our Real Estate Loan Department, call 303-573-1170 ext. 2606 or toll free at 1-877-293-6328.