A Home Equity Line of Credit (HELOC) offers a flexible way to access funds by leveraging your home’s equity for a variety of financial needs.
A HELOC is a versatile financial tool that allows you to access funds based on the equity you’ve built in your home. Unlike traditional loans, a HELOC works like a revolving line of credit, enabling you to borrow only what you need when you need it. Whether you’re looking to fund home renovations, consolidate high-interest debt, or cover unexpected expenses, a HELOC offers a cost-effective and flexible solution.
HELOCs provide competitive interest rates, often lower than credit cards or personal loans, making them an affordable option for larger financial goals. With interest-only payment options during the draw period, you maintain control over your finances. As you repay the borrowed amount, your available credit replenishes, giving you continued access to funds throughout the loan term. This flexibility makes HELOCs a popular choice for homeowners seeking financial security and adaptability.
At Cascade Home Loans, we make it easy to tap into your home’s equity with a HELOC. Our team guides you through the process, from evaluating your home’s value to customizing terms that fit your budget and goals. Whether you need funds for immediate use or long-term planning, we provide personalized support to help you make the most of your home’s value.
Apply for your loan without worrying about upfront application costs, so you can focus on finding the right home and financing solution.
Homeowners with sufficient equity in their property and a solid credit profile typically qualify for a HELOC.
The borrowing limit is based on a percentage of your home’s appraised value, minus any existing mortgage balance.
HELOCs typically include a draw period (usually 5-10 years) where you pay interest only, followed by a repayment period (10-20 years) for the principal and interest.
Yes, a HELOC can be used for various financial needs, including debt consolidation, education, or even a vacation.
HELOCs often come with variable interest rates, though some lenders offer fixed-rate conversion options for portions of the borrowed amount.
Yes, during the draw period, you can reuse your credit limit as you repay the borrowed amount, similar to a credit card.
Don’t just take our word for it
Matt is a pleasure to work with. He helped me through every part of the home buying process answering any and all of my questions along the way. He is hard working, timely, and easy to understand. I would recommend him!
Andrew was a dream to work with. I had a complicated situation and he was there to help me throughout the whole process. He was extremely helpful with all of the difficult situations that came his way. I would not hesitate to recommend him to anyone.
We closed on the house in less than 28 days and this was the first time we ever applied for a loan( FHA). Working with Andrew was literally a breeze. He was very responsive and connected us with anyone we may need during the entire loan process. He was honest, thoughtful, and helpful each step of the way and made the entire process so smooth. Can’t recommend him enough!
Trying to buy a house in a red-hot market is a challenge; having Andrew on the finance side made everything so much easier. We made offers on several properties and every time Andrew was able to provide an approval letter immediately. When we finally had an offer accepted, he made the process clear and simple, and most importantly FAST. We would definitely recommend Andrew to anyone looking for financing.
Andrew stayed on top of everything and made the process very easy, under 2 weeks from submission to clear to close. I would absolutely recommend him to anyone in the future.
From the first contact “let me pull over I am driving and I will have a quote for you”: which only took about 25 mins max to today, the day of closing it has been little more than 31/2 weeks and it is all because of Andrew’s undivided attention, availability and determination. A pleasure to work with highly recommended!
It was a pleasure working with Andrew in both shopping for a mortgage and then completing the mortgage application and closing process. He was professional and very easy to work with…open to talk at any time and answer any questions…right up to the closing. He was even present at the closing to again field any questions and ensure the closing went as expected. I highly recommend Andrew to anyone looking for financing solutions.
My wife and I had a difficult situation between buying and selling homes with different agents and being long distance. I found Andrew multiple times going above and beyond what he should be doing. Recognizing that buying/selling house waits for no one makes it difficult when you are at work, Andrew would ALWAYS pick up the slack on our end as well as give me much needed reminders. In addition, I found it refreshing to get honest answers from Andrew, rather than hearing what you “want” to hear. All in all, Andrew is great at his job and a really great person, that always has your interest in mind, and will do the right thing. He makes one of the more stressful life events, a little bit less stressful.
Andrew was very responsive and went out of his way to make sure we always had all of our questions answered. He worked with us to make sure that we could afford our home and get into it quickly, before we even found one to put an offer in. Even after closing, he continued to answer our questions and give us advice.
Most people find that mortgage financing is complicated and confusing. We help you buy your dream home by simplifying the mortgage financing process with personalized loan options that save you time and money.
