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A Home Equity Line of Credit (HELOC) is a type of second mortgage that provides access to the equity in a home on an as-needed basis, often with a variable interest rate. The home is used as collateral against the line of credit. Similar to a...
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Why did my monthly payment change? In general, HELOC payments can change from month to month for a variety of reasons. A few common reasons include: Interest Rate changes: Most HELOCs have a variable interest rate that periodically adjusts t...
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How can I draw money from my HELOC account? We offer a few convenient options: Online: Log in to our website or app to initiate an ACH draw/advance to transfer funds to your designated checking/savings account. Phone: C all our custome...
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What can I use my HELOC for? You can use your HELOC funds for various purposes, such as home improvements, repairs, consolidating higher interest rate debt, or other financial needs. Where can I find details about my unique HELOC account? ...
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Created On: 07/22/2024
in Homeowners
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What do I need to do if my home has been damaged? Here’s what you need to do first: Contact your hazard insurance company to file a claim. Call us at 833.253.1133 , and w e'll let you know what information is required to dis...
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Created On: 06/24/2024
in Home Equity Loan
Who can tell me more? Our knowledgeable Direct Lending team is eager to help you navigate the options and carve a path forward based on your personal goals and priorities! Reach out to us today. How can I get started with a Home Equity Loan? ...
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Created On: 06/24/2024
in Home Equity Loan Is a Home Equity Loan a good choice for me? It depends on your financial goals, current mortgage terms, and ability to repay the loan. A Home Equity Loan can be a valuable financial tool, but it’s important to understand all aspects of the loan bef...
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Created On: 06/24/2024
in Home Equity Loan
How does a Home Equity Loan work? Can I pay off a Home Equity Loan early? While the terms can vary by lender and other factors, our Home Equity Loan does allow for early repayment without prepayment penalties! Paying off the loan early ca...