Why is this loan right for me?
A HELOC is ideal if you want ongoing access to funds for remodeling, consolidating debt, covering unexpected expenses, or finally finishing that project you started in 2017. Because it’s a revolving credit line, you can borrow what you need, when you need it.
Benefits of this loan
With a HELOC, you only pay interest on what you actually borrow, and you can draw funds multiple times during the draw period. It typically offers competitive variable rates, flexibility for planned or surprise expenses, and an easy way to leverage your home equity without refinancing your entire mortgage.
Eligibility requirements
Qualifying generally requires sufficient home equity, a solid credit profile, stable income, and a property that meets lending standards. Lenders will review your credit score, debt-to-income ratio, and overall financial history to confirm you have the capacity to manage a revolving credit line responsibly.
Want to tap into your home’s equity? See how much you could borrow with our easy-to-use HELOC Calculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Based on your information,
you may qualify for up to
you may qualify for up to
$175,000
Based on 90% of your home value minus existing mortgage
Loan Amount
$450,000
Interest Only Period Payment
$185,000
Repayment Period Payment
$175,000
Dollars
Interest Paid
Principal Paid
Ending Balance
Cash Out
$
Remaining Available HELOC
$
Reserve Equity
$
Existing Mortgage
$
Loan Amount
$
Interest Only Payment
Repayment Period Payment
$
Interest Rate
%
Disclaimer
The calculations provided are estimates based on the information you've provided and current market rates. Actual HELOC terms, rates, and available amounts may vary based on lender criteria, credit score, and other factors. This calculator is for informational purposes only and does not constitute a loan offer or guarantee of credit.
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