Your equity, on tap
Draw what you need, when you need it, and pay interest only on what you use.
How a HELOC works
Draw period
Ten years to draw funds as projects come up, then a twenty-year repayment term.
Interest on what you use
No interest accrues on the portion of your line you leave untouched.
Keep your first mortgage
A HELOC sits behind your existing loan, so your low rate stays put.
80%
Maximum combined LTV
10 yrs
Draw period
$0
Annual fee
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