HELOC
A flexible line of credit secured by your home. Draw what you need, when you need it, and keep your current first mortgage.
Home Equity Line of Credit
Flexible Access
to Your Equity.
A home equity line of credit, or HELOC, works like a credit line backed by your home. You draw funds as needed during the draw period and pay interest only on what you use, while your existing first mortgage and its rate stay exactly as they are.
- Keep your current first mortgage rate
- Pay interest only on what you draw
- Draw, repay, and draw again as needed
- Ideal for projects paid in stages
Explore Your Options
Our Refinance Programs
Find the refinance solution that fits your goals
01.
30-Year Fixed Rate Mortgage
The lowest fixed monthly payment for the longest term, with a rate that never changes.
04.
Debt Consolidation
Combine high-interest credit cards and loans into one lower-rate mortgage payment and simplify your monthly…
05.
Cash-Out Refinance
Turn your home equity into cash for renovations, education, or major expenses with one new…
06.
Rate & Term Refinance
Lower your rate, change your term, or remove mortgage insurance without taking cash out of…
Explore all refinance options. View All Programs
Your Advantages
Why Choose
a HELOC?
A HELOC gives you ready access to your equity without replacing the low-rate mortgage you already have.
- Keep Your Rate. Your first mortgage stays untouched, which matters when your current rate is below today’s rates.
- Pay for What You Use. Interest is charged only on the amount you draw, not the full credit line.
- Reusable Credit. As you repay during the draw period, those funds become available to borrow again.
- Planned Projects. Fund renovations, tuition, or other expenses in stages as costs come due.
How It Works
Our Loan Process
Four clear steps from your first conversation to closing day, all handled by one in-house team.
Consultation
We start by understanding your goals. Your dedicated loan officer reviews your situation and recommends the right program.
Pre-Approval
Our technology compares your scenario across multiple investors in minutes. You get a clear picture of your rates, costs, and options.
Processing
Your in-house processor collects documents, orders the appraisal, and coordinates with title and closing. No third-party handoffs.
Closing
Final documents are prepared, reviewed, and signed. Funds are disbursed. Your loan officer stays with you through the last signature.
Ready to Get Started?
Frequently Asked Questions
Answers to the questions we hear most about home equity lines of credit.
How much can I borrow with a HELOC?
Your limit depends on your home's value, your current mortgage balance, your credit, and the lender's maximum combined loan-to-value. We calculate your available line at no cost.
Is the rate fixed or variable?
Most HELOCs have a variable rate tied to the prime rate, so your rate can change over time. Some lenders offer options to lock a portion of your balance at a fixed rate.
Do I have to use the full line?
No. You draw only what you need, when you need it, and you pay interest only on the amount you have drawn.
Will a HELOC affect my first mortgage?
No. Your first mortgage, its rate, and its payment stay the same. The HELOC is a separate second lien on your home.
What happens when the draw period ends?
You can no longer draw funds, and your payment converts to principal and interest on the remaining balance, which is usually higher. We help you plan for that transition in advance.
Should I consider a second lien reverse mortgage instead?
If you are 55 or older in select states and prefer no required monthly payments, a second lien reverse mortgage may be a better fit. We compare both for you.
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Contact With Us!
2220 Plymouth Rd #302, Hopkins, Minnesota(MN), 55305
Call us: (234) 109-6666
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