A Home Equity Line of Credit (HELOC) works much like a personal line of credit, typically at prime rate +, and you can borrow the money up to your limit whenever you want and repay as you wish.
This is a secured line of credit against your home where you can access equity as needed, a fully open product with maximum flexibility.
It does require discipline to repay the balance.
As a mortgage broker, I work for you. I don’t work for any one bank – I work for you! You will have access to over 65 banks, credit unions and trust companies and interest rates the banks don’t want you to know about! Due to the volume of business we provide lenders always offer our team the deepest discounts which are passed on to you immediately – whether you are purchasing, refinancing or renewing.
I will walk you through the process of renewing your mortgage, step by step.
