Home Equity Line of Credit

Home equity is the difference between your home's current market value and the total amount you owe on your home loan. As a valuable resource for attaining your financial dreams, home equity loans can be a smart way to get the money you need. With the right loan, you can save money through debt consolidation and getting rid of high-interest debt, or you can pay for some of life's most important expenses like home improvements, weddings, and college. You can also opt for a home equity line of credit, which allows you to borrow against the equity, accrued in your home.

A home equity line of credit (HELOC) is a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's equity in his/her house. A home equity line of credit can help improve your living circumstances and might lead to financial gain.

For more information on Home Equity Line of Credit, please call 630 325 4429 or click the button below to request a free consultation with one of our mortgage advisors.

Free Consultation Request