Home Line of Credit
Online Estimate

How to Access Home Equity with a HELOC:

• Paula and Daniel had built up substantial equity in their $1,100,000 home, with only $575,000 remaining on their mortgage. They weren’t sure if or when they’d need the funds, so a home equity line of credit was the most suitable product.

• We explained how HELOC interest rates typically start lower than other forms of credit, and that they would only pay interest on the amount they actually borrow—ideal for uncertain timing. The couple was also interested in budgeting tools, so we walked them through our HELOC payment calculator to estimate costs under different draw scenarios.

• Our team used 12 months of business bank statements and proof of ownership to help them apply for a home equity line of credit, even though traditional banks can be hesitant with self-employed applicants.

Results

With strong equity and consistent business revenue, Paula and Daniel qualified for a $150,000 HELOC at a competitive rate. Now they have access to funds when they need them—whether to expand the restaurant or handle future family needs. Their HELOC came with no annual fees, a readvanceable structure, and a flexible draw period. We helped them compare home equity line of credit rates from multiple lenders to ensure they got one of the best home equity line of credit offers available. While their credit was only average, we explained that even a HELOC with bad credit is sometimes possible when enough equity is available. The couple appreciated how easy the process was and now have a financial cushion without the pressure of immediate repayment.

Find out how much you can borrow with a HELOC:

What is your estimated property value?

An estimate of what your home is currently worth (i.e. $1,000,000)

$

Total balance of existing mortgage(s)

Sum up the balance of all mortgages registered on the title (i.e. First Mortgage + HELOC = Total)

$

Fill in the fields and see how much you can save!