HELOC Loans
Homeowners can keep their first-mortgage loans intact and tap their home equity through Preferred Rate’s Equity Access Program.
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Product highlights
- Maximum credit line up to $750,000 (based on equity and credit)
- Available for primary, second homes, and investment properties
- Available as stand-alone HELOC or purchase piggy-back
- Multiple term options available
- Flexible draw options available
Borrower advantages
- Access their equity when they need it
- Only pay interest on outstanding balance
- Use as an emergency fund for unexpected expenses or repairs
- Interest may be tax deductible*
Realtor advantages
- Help your clients access their equity for a home purchase
- Allow clients who don’t want to move to tap their equity for improvements or renovations
- Assist clients as they access their equity for other personal reasons, while keeping their low first mortgage intact
Frequently asked questions
With short and easy to understand answers.
Couldn’t find your answer?
[email protected]What is a HELOC?
A Home Equity Line of Credit lets you borrow against your home’s equity as needed, similar to a credit card.
What can I use it for?
Home improvements, debt consolidation, tuition, or major expenses.
Is interest tax-deductible?
It can be, depending on how funds are used — check with a tax professional.
How is this different from a cash-out refinance?
A HELOC keeps your first mortgage intact, which is great if you already have a low rate.
Couldn’t find your answer?
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