This particular product is truly the most customizable mortgage product available. HELOC’s allow home owner’s to access up to 65% of the value of their home in an open-variable product. HELOC’s can be segmented into a variety of products for more flexibility and essentially negate the need to have a mortgage. You can use your HELOC for home improvement, investments, debt consolidation or whatever you like.
Where do you start?
We begin the process with a completed application and client agreement.
What do you neeed?
A typical line of credit can usually be placed with an appraisal of the property, an application and proof of income.
Are there penalties for paying off the HELOC?
A HELOC is an open product meaning that the money owed can be paid out at any point in time without any penalty.