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Lines of Credit

Whether you want cash to cover expenses, or just want the security of knowing that you have access to funds should the need occur, a home equity line of credit (HELOC) is a revolving loan that allows you to tap into the value of your home whenever you need it.

The process of obtaining the line of credit is similar to obtaining a mortgage or home equity loan, although settlement costs are usually lower for a HELOC. Once the line of credit has been opened, you can borrow what you need, up to a predetermined maximum, by check or credit card. As you repay the loan, the funds are restored. The line of credit stays open for a predetermined period—usually a minimum of 10 years.

Interest rates on a HELOC are usually adjustable, and tied to the prime rate. Some offer guaranteed introductory rates for a short period of time, and some are convertible to fixed-rate loans when you draw on them. Unlike standard Adjustable Rate Mortgages, HELOCs have no adjustment caps.

We can tell you more about our home equity lines of credit.


What Our Customers Say

I wanted to take a quick moment and let you know about my experience with one of your associates, Ruth Falcone. My wife and I started out looking at options for a new home, how much we could afford, etc. In the span of less than 2 months, we went from a mere dream of moving into a bigger home, to the reality of making settlement this past Monday. Ruth could not have been more attentive, approachable, easy to work with and quite frankly made me feel as if I were the most important client in the world to her- She even provided us with assistance on an offer we wanted to make- and it was 1am.... I am not kidding. No matter what the question was, she was always there with the answer. Her dedication to her profession was what has enabled me to navigate this otherwise potentially stressful road to owning our dream house, and she made it easy. She is, by far, not only very professional, knowledgeable, and easy to work with, but clearly took a true ownership in seeing us through this process- I am a General Manager for Marriott International. I earn my living through making people happy, comfortable, making them feel at home when they are on the road, away from their true "home" , which is often stressful to travelers. I have to tell you- Ruth is a rare breed. All too often people get shuffled through processes and are just another file on a desk- What you have in Ruth Falcone is a true treasure & I felt the need to share my experience with you both- Have a great evening & thank you.

~ Kostas & Kristen