Access funds purchase-by-purchase, without having to reapply. Plus, only pay interest on the portion you use. A home equity line of credit, HELOC, works just like a home equity loan, only instead of accumulating interest on the larger sum you get precisely the right amount.
Borrow as need be, and spend as you see fit — up to a loan value that's based on the equity built in your home!
*Consult a tax advisor.
EVB Lenders are registered with the National Mortgage Licensing System (NMLS). For more information, go to www.nmlsconsumeraccess.org.