Revolving Line of Credit
A Home Equity Line of Credit is a loan similar to a credit card in that it works like a revolving line of credit which uses the equity in your home as collateral. HELOC literally gives you access to cash which can be used for any purpose without disrupting your current mortgage or interest rate.
Home Equity Line of Credit
Refinancing your house has always been a viable option to accessing the equity in your home, but with the rise in rates, few are interested in giving up their low mortgage rate to a higher refinance rate. The good news is you can still cash out the equity in your house with a Home Equity Line of Credit (HELOC) without disrupting your current mortgage.
Home Equity Line of Credit is a loan similar to a credit card in that is works like a revolving line of credit which uses the equity in your home as collateral. A HELOC literally gives you access to cash which can be used for any purpose.
- Debt Consolidation
- Home Improvements
- College & Tuition Expenses
- Family Vacations
- Credit Card Payoff
- Medical Expenses
- And Much More
An experience Dakotaland Mortgage Loan Officer can help you determine if a HELOC is right for you. Plus, our easy to use mobile app will make the process simple and surprisingly fast. Call today or click here to get started!
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