Home Equity Line of Credit

A home equity line of credit is a form of revolving credit in which your home serves as collateral. Using a credit line to borrow against the equity in your home has become a popular source of consumer credit, and lenders are offering these home equity credit lines in a variety of ways.

With a home equity line of credit, you will be approved for a specific amount of credit, which is the maximum amount you may borrow at any one time under the plan. Many lenders set the credit limit on a home equity line of credit by taking a percentage of the home's appraised value.

Please contact one of our experienced Mortgage Consultants. We will be delighted to discuss all available options with you!