A Home Equity Line of Credit (HELOC) gives you a flexible way to access the equity in your home. Instead of receiving one lump sum, a HELOC establishes a revolving line of credit that allows you to borrow funds as needed, up to your approved credit limit.
This can make a HELOC a useful option when you have ongoing expenses or aren't sure exactly how much you'll need.
Access your home’s equity without necessarily refinancing your first mortgage.
At E Mortgage Capital, we have access to 25+ home equity programs with flexible options for a wide range of borrowers.
Program Highlights
A Home Equity Line of Credit (HELOC) gives you a revolving credit line secured by your home.
You can draw funds as needed, repay the balance, and potentially use the available credit again during the draw period.
A HELOC Can Be Great For:
A Home Equity Loan (HELOAN) provides a lump sum of cash secured by your home’s equity.
Unlike a HELOC, you receive the money upfront and typically make scheduled monthly payments on the loan.
A Home Equity Loan Can Be Great For:
CHECK MY HELOAN OPTIONS
Home Equity Loan
Qualified borrowers may be able to access equity up to 95% of their home’s value, depending on the program.
Your available amount depends on your:
With more than 25 home equity programs, we can shop multiple options instead of relying on one lender’s guidelines.
If you already have a low rate on your current mortgage, you may not want to refinance the entire balance just to access cash.
A HELOC or Home Equity Loan may allow you to keep your existing first mortgage in place while accessing your available equity.
SEE HOW MUCH I CAN ACCESS
Loan approval, maximum combined loan-to-value, credit requirements, rates, and terms are subject to lender guidelines, borrower qualification, and property eligibility. Maximum 95% CLTV and minimum credit score programs are not available to all borrowers. Not all borrowers will qualify. This is not a commitment to lend.
Every borrower is different.
At E Mortgage Capital, we'll compare your situation across our available programs and help you determine whether a HELOC, Home Equity Loan, or another option makes the most sense.
