Home Equity Line of Credit
Most often the best way to consolidate your high interest rate consumer loans or to pay for your home improvement project is a Home Equity Line of Credit (HELOC). Utilizing the equity in your house, you can pay-off your credit cards or make improvements which will further increase the value of your home.
The home equity line of credit is a 20 year loan that allows you to borrow money as you need it. You pay interest on the amount you actually borrow. The interest is a variable rate tied to the prime rate plus a margin. The minimum FICO score is 650 and the maximum line of credit amount is either $200K up 80% loan to value, or $300K up to 70% LTV.
Call us at (800) 404-5137 for rates and terms.