What is a HELOC?

Shopping for a Home Equity Line of Credit? We'll be glad to discuss our mortgage offerings! Give us a call today at 5622061550. Ready to begin? Apply Online Now.

When you have a need for some extra money to make a large purchase, renovate your home, or pay the balance on a high interest credit card, a HELOC (home equity line of credit) may be just what you need. A HELOC is a kind of revolving credit secured by your home equity. This is an open ended loan that may be paid down or charged up for the term of the loan, similar to a credit card. The interest rate can fluctuate (usually every month).

In a HELOC, your lending institution will approve you for a particular credit amount - the maximum sum you may borrow at any one time. In setting your credit limit, your pay-rate, outstanding debt, credit history and other monetary circumstances will be reviewed. An appraisal is needed on your house to assess the property's market value. Your property's market value, subtracted from your remaining mortgage loan balance will help to set your particular credit limit.

C2 Financial Corporation can answer questions about Home Equity Lines of Credit and many others. Call us: 5622061550.
Serving all of California and Arizona
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This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS# 135622. http://www.nmlsconsumeraccess.org Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of California. As a broker, C2 Financial Corporation is NOT approved by the FHA or HUD, but C2 Financial Corporation is allowed to originate FHA loans based on their relationships with FHA approved lenders. This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Department of Real Estate, Broker # 01821025 and the Arizona Department of Financial Institutions, Broker # 919209; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of California and Arizona. C2 Financial Corporation has the ability to broker VA loans based on their relationship with VA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA. www.c2financialcorp.com
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