If you are interested in a loan to fund intermittent costs, such as a series of home improvements or college tuition, home equity lines of credit are a good choice, especially if you are not sure of the exact amount you need to borrow. Fill out our short form today to contact an expert on home equity lines of credit.

As with a home equity loan, home equity lines of credit allow you to borrow against the value of your home, usually up to 80 percent of your equity, minus the mortgage. Borrowing against home equity gives the lender more security, which allows for more flexibility in the qualifying process. Home owners with less than perfect credit will find it easier to procure a home equity line of credit or a home equity loan than other non-secured loans.

Home equity lines of credit are becoming increasingly more popular. Unlike a home equity loan, which gives you a large fixed amount at once, a line of credit allows you to borrow what you need over a period of time, generally five to ten years, paying only the interest until the repayment period. This type of loan provides large amounts of cash at low interest rates. Apply online to contact lenders about home equity lines of credit today.

Home equity lines of credit are generally as flexible as credit cards. They may have minimum or maximum amounts of money that can be withdrawn in the draw period, but for the most part allow the borrower freedom that most loans do not provide. Also, depending on the lender, access to the home equity line of credit can be via checks, credit cards or a combination of the two.