A Home Equity Line of Credit is a line of credit secured by your home that gives you a revolving credit line
Similar to a credit card, a HELOC allows you to borrow what you need, as you need it. As you repay your outstanding balance, the amount of available credit is replenished. This means you can borrow against it again if you need to throughout the draw period.
You need money over time
How It Works
Borrow up to 85% of your home's equity - $500,000 max