Home Equity Line of Credit
What is HELOC?
A Home Equity Line of Credit (HELOC for short) is a loan secured against your property either in first position or second. The HELOC comes with a set credit limit which is determined by your credit, the equity in your home and your income. HELOC’s depending on the institution come with both fixed and variable rates.
Frequently Asked Questions
- Can you afford the worst-case-scenario payment, or the one at the highest interest rate possible?
- Will you be tempted to use the money carelessly?
- What is your plan to pay off the debt?
- What are the terms and interest rates?
- Does this suit my long and short term needs?
Why use DC Home Mortgages?
We Know Who Can Help
It is our job to stay up to date with all the lenders and their products. Unlike someone at a branch who is only aware of their own products, we know who will be able to help. More importantly, we know who will give you the best rate. Most clients just trust that their bank is giving them the best rate, at DC Home Mortgages we KNOW who is giving the best rate available for you.
Call us now to discuss what you qualify for and how we can help.