Home Equity Credit Lines

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Access cash from the equity in your home, apply for a Chase Home Equity Line of Credit today.

As mortgages get paid down, the equity in the home increases and home equity credit lines allow homeowners to borrow from a portion of that equity. It’s estimated that more than 10 million homeowners.

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NH Home equity lines of credit at great rates. Inquire today!

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Home Equity Line of Credit (HELOC) When homeowners need money to help cover expenses, a home equity line of credit, or HELOC, is one way to rustle up some extra funds. heloc funds can be used to remodel your home, pay for college or even take vacations. It also can be handy for people who need an alternative resource to pay mounting debts.

Home equity tips. A home equity line of credit, or HELOC, has an adjustable rate of interest attached to paying it off, which means that your payments can fluctuate based on the federal funds rate. Think about a home loan if the idea of an adjustable rate unnerves you. Know your loan-to-value, or LTV, ratio.

Two Types of Home-Equity Loans Home-equity loans come in two varieties, fixed-rate loans and lines of credit, and both types are available with terms that generally range from five to 15 years.

Home Equity Line of Credit: Home Equity Line of Credit (HELOC) interest rate discounts are available to clients who are enrolled or are eligible to enroll in Preferred Rewards at the time of home equity application (for co-borrowers, at least one applicant must be enrolled or eligible to enroll).

A home equity line of credit (often called HELOC, pronounced Hee-lock) is a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower’s equity in his/her house (akin to a second mortgage).

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