A home equity line of credit (HELOC) can be an efficient financing vehicle to provide the temporary funds you need for home improvement, vehicle purchase, college tuition, etc.  

Secured as a "second trust deed" (your first mortgage is not disturbed), the HELOC works much like a credit card.  You have a credit limit that you can borrower against by writing a check, and then you are billed monthly and pay interest only on the amount that you borrow.  As you pay down the loan balance, the minimum payments are reduced accordingly.  

When you pay the loan down to zero balance, there are no interest payments until you access the line again.  When you need more funds, just write a check and your loan balance and payment is reflected on your next statement.

You can draw against your credit limit for 15 years.  If there is still a balance owing at the end of that time, you are given another 10 years to pay off the balance.

HELOCS are tied to the Prime Interest Rate (the index) plus an overage (margin) and can fluctuate with changes in the  index.  Fixed Rate HELOCS are not available.  However, you have some options to "fix" specific outstanding balances at any time.

Call us at (800) 877-7347 for more details.

Loan amounts are available as follows:

Loan Type	Min./Max Loan Amt	Also Known as:
Home Equity Line of Credit	$50,000 to $350,000	HELOC

For a sample of current interest rates, click here

To apply for a loan, click here

A home equity line of credit (HELOC) can be an efficient financing vehicle to provide the temporary funds you need for home improvement, vehicle purchase, college tuition, etc.  

Secured as a "second trust deed" (your first mortgage is not disturbed), the HELOC works much like a credit card.  You have a credit limit that you can borrower against by writing a check, and then you are billed monthly and pay interest only on the amount that you borrow.  As you pay down the loan balance, the minimum payments are reduced accordingly.  

When you pay the loan down to zero balance, there are no interest payments until you access the line again.  When you need more funds, just write a check and your loan balance and payment is reflected on your next statement.

You can draw against your credit limit for 15 years.  If there is still a balance owing at the end of that time, you are given another 10 years to pay off the balance.

HELOCS are tied to the Prime Interest Rate (the index) plus an overage (margin) and can fluctuate with changes in the  index.  Fixed Rate HELOCS are not available.  However, you have some options to "fix" specific outstanding balances at any time.

Call us at (800) 877-7347 for more details.

Loan amounts are available as follows:

Loan Type	Min./Max Loan Amt	Also Known as:
Home Equity Line of Credit	$50,000 to $350,000	HELOC

For a sample of current interest rates, click here

To apply for a loan, click here