Home Equity Loans & Lines of Credit Lenders in Prescott Valley

A home equity line of credit (HELOC) lets you borrow against available equity with your home as collateral. (from bankofamerica.com)

Utilize your homes equity to finance home improvements, major purchases, or unexpected expenses. With a Home Equity Line of Credit (HELOC), you can easily access available credit when you need it. Enjoy low monthly payments and competitive HELOC rates when you apply online. (from https://www.bbvacompass.com/loans.html)

"Home Equity Line of Credit. Borrow what you need, when you need it, with a line of credit that uses the equity you've built up in your home." (from https://www.bmoharris.com/main/personal/loans-and-lines-of-credit)

Access cash from the equity in your home

"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."

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."