HELOC & Home Equity Access Updates

Home Equity Lines of Credit

A Home Equity Line of Credit (HELOC) allows you to borrow against the equity in your home. You can access up to 65% of your home's value through a HELOC, and when combined with a mortgage, the total cannot exceed 80% of the home's value.

HELOC rates are variable and tied to the lender's prime rate. Recent regulatory changes may affect HELOC availability, qualification criteria, or usage rules, making it important to stay informed about current policies.