Home Equity Line of Credit

In the market for a new mortgage? We will be glad to assist you! Give us a call today at 4104614043. Ready to get started? Apply Now.

When you have a need for some extra cash to make a big purchase, renovate your house, or pay the balance on a high interest credit card, a HELOC (home equity line of credit) might be just what you are looking for. A form of revolving credit, a HELOC is secured by the equity in your home. This open-ended loan may be be charged up or paid down over the set term of the loan. The rate of interest can fluctuate (typically every month).

Your lender will set your credit limit (the maximum amount you may borrow) with the HELOC. In setting the credit limit, your salary, outstanding debt, credit status and other monetary obligations will be reviewed. An appraisal is needed on your house to assess the property's current market value. Your credit limit will be determined considering all of the above, in addition to a percentage of your property's appraised market value, which is then subtracted from the balance owed on your present mortgage.

Integrated Financial Solutions, LLC can walk you through the process of getting a Home Equity Line. Give us a call at 4104614043.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

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Integrated Financial Solutions, LLC

11110 Dovedale Ct 28A
Marriottsville, MD - Maryland 21104