Jump start your next home design project with our 3-in-1 Home Equity Advantage Plan comprised of a Line of Credit, Fixed-rate Loan and Platinum Credit Card.
*If you terminate your line within the first 24 months after closing, you will be responsible for closing costs. Please refer to the Closing Cost Addendum you received at loan closing for the total amount of your closing costs.
Normal processing time from application to closing for a home equity application is 2 - 4 weeks depending on the complexity of the loan request. So what happens during the home equity application process that takes this amount of time?
Read more on our Money Wisdom Blog: How long will it take to process the loan?
Yes...and no. We must determine the value for any property for which a Home Equity Line of Credit (HELOC) is requested. This in turn, allows us to determine the amount that can be borrowed. But with a HELOC, most of the time, a full appraisal is not required.
Read more on our Money Wisdom Blog: Do you require an appraisal for Home Equity?
You’ve seen and heard all the ads: “Get a HELOC Today!”, “Make Your Home Work for You!” or “You’re Sitting on a Pile of Cash!”
Read more on our Money Wisdom Blog: Home Equity Lines of Credit - Better Safe than Sorry!
Is it time to spruce up your home? New kitchen? New bath? Paint? Siding? Flooring? Windows? Can you use the equity in your home to pay for it?
Read more on our Money Wisdom Blog: Home Equity Loan vs. Home Equity Line of Credit
All deeds of entrust, including your HELOC are recorded for public record upon closing the loan. It is really a contingency of funding the loan; lenders will not release the funds from the closing until they have evidence that the deed was recorded.
Read more on our Money Wisdom Blog: Your HELOC is a matter of public record, treat it accordingly.
Complete the form below and a member of our team will contact you and answer your home equity questions. You can also visit any branch location or call us at 800-656-4328.