Ketchum Heloc Lenders | Home Equity Loan Rates

"A Home Equity Line of Credit (HELOC) is a line of credit where the borrower uses the equity in their home as collateral. Borrowers can access their funds by writing checks, making transfers at the branch, by phone, or through online banking. " (from https://www.bankofthewest.com/personal-banking/loans/home-equity.html)

"By using your home's equity as collateral, you'll secure competitive rates. Consider this option for important expenses, like home improvements, a new car, or medical bills."

"A Home Equity Line of Credit allows you to access equity you have built in your home for whatever needs you may have. It's easy. By borrowing against the equity in your home, you create a line of credit that you control."

"Why not use the equity in your home as collateral to fund ongoing needs?"

Home Equity Line of Credit. HELOCs let you access funds as you need them, similar to credit cards — but with rates that are typically lower. (from https://www.usbank.com/home-loans/home-equity/)

A HELOC is a loan that is underwritten using your current home's value. For example, if you've owned your home for 10 or so years, then you likely have a significant amount of equity, or money, invested in it. A HELOC essentially serves as a sort-of second mortgage, so the bank would give you a maximum loan amount for you to use based on the equity that you have in your home. (from https://www.washingtonfederal.com/blog/news-and-articles/2017/01/27/what-is-a-home-equity-line-of-credit)

Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage.

Home Equity Credit Line "Because your home equity line of credit is secured by your home, the interest rate is usually lower than with other types of loans."