What is a home equity line of credit?

Home Equity Lines of Credit

What is a home equity line of credit? - A home equity line of credit (HELOC) is a variable rate loan. That means the interest rate and annual percentage rate (APR) can move up or down, depending on the index, prime rate, as published in the Wall Street Journal. As you make payments towards your balance, the available credit to spend will increase. Utilize the funds at your convenience.

searchhomeloan.com equity line offers the following benefits & choices:

• Low 3-month introductory rate of 3.00% (4.00% APR).

• Interest Rate of the Prime minus ¼ for life.

• No income documentation loans

• Use new appraised value, regardless of length of residency

• Interest only payments - interest can be a tax write-off*

We offer multiple product terms available:

• 10 year draw with interest only payments during term

• 15 year draw with interest only payments during term

• 25 year draw with interest only or P&I payments during term

Call our equity specialists for a free debt analysis consultation today Or apply now.
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