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Heloc Cash Out

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HELOC= Home Equity Line Of Credit


 Heloc Cash Out – For all the same reasons you would take a cash out refi but keep your low Mortgage Interest Rate loan. Where as a Cash-Out Refi loan would refinance the old loan into a new with the currant interest rate. Uses for Heloc cash out line of credit from the equity in your home. Pay off debt, pay off vehicles, pay off credit cards. Use as you need it.

 A home equity line of credit (HELOC) or also known as ( Heloc cash Out line of credit ). a type of mortgage that allows homeowners to borrow money against the equity they’ve built in their home. A HELOC will take the form of a second mortgage unless you’ve paid off your first mortgage completely. They function similarly to credit cards in that you’re able to access and utilize the funds as you choose – up to a certain limit and within a certain time frame. 



  • Typically takes 5 Days.
  • Min score 640
  • Stand Alone HELOC – Primary Residence, Second Home or Investment (SFR, Townhome, Warranted Condo Only)
  • Funds available in as few as 5 days
  • No restrictions on use of cash out
  • Up to 80% combined loan to value
  • No standard appraisal


Standard HELOC

  • Primary and Second Homes – Single family, 2-4 unit, PUD and Warranted Condos
  • 20 year term –
  • First 10 years Interest Only – Years 11-20 Repaid in FullMin
  • FICO 640
  • Max Loan to value 85%
  • Max DTI 50%