Setting up a Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a great way to refinance your home. With keeping as little as 20% of equity you can utilize a line of credit on your home and enjoy hassle free access to additional funds.

Some of the benefits of having a line of credit are that is fully open and can be repaid at any time with no penalties. You can access additional funds up to your credit limit and use the funds for any purpose like an investment, rental property purchase, education, renovation, debt consolidation and pay interest only.

HELOCs rate is a floating rate based on Prime.

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