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Home Equity Lines of Credit

Whether you want cash to cover expenses, or just want the security of knowing that you have access to funds should the need occur, a home equity line of credit (HELOC) is a revolving loan that allows you to tap into the value of your home whenever you need it.

The process of obtaining the line of credit is similar to obtaining a mortgage or home equity loan, although settlement costs are usually lower for a HELOC. Once the line of credit has been opened, you can borrow what you need, up to a predetermined maximum, by check or credit card. As you repay the loan, the funds are restored. The line of credit stays open for a predetermined period—usually a minimum of 10 years.

Interest rates on a HELOC are usually adjustable, and tied to the prime rate. Some offer guaranteed introductory rates for a short period of time, and some are convertible to fixed-rate loans when you draw on them. Unlike standard Adjustable Rate Mortgages, HELOCs have no adjustment caps.

We can tell you more about our home equity lines of credit.



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PA loan correspondent license #22679; Alabama Consumer Credit License #20723; Georgia Annual Mortgage Lender License #23455; #21289; Connecticut First Mortgage Correspondent Lender/Broker #21288; Delaware Chapter 21 Mortgage Loan Broker License #010629; New Jersey Licensed Lender #L060502; PA Licensed Lender #34628; Maryland Mortgage Lenders License #18461; Virginia Mortgage Broker License #MB-4315; FHA Approved Lender ID #28106-0000-8; NY Corespondent RMB-207450

This website is not intended for New York consumers. If you are a New York consumer looking to obtain a mortgage loan you may visit www.absolutemoney.com.

Absolute Home Mortgage Corporation NMLS #176743 Connecticut Mortgage Lender License #ML-174743, District of Columbia Mortgage Dual Authority License#MLB176743, Florida Office of Financial Regulation License #MLD424, Maryland Division of Financial Regulation License #06-19958, Licensed by the New Jersey Department of Banking and Insurance, License #9826392, New York Mortgage Broker Registration # A005639, Licensed by the Pennsylvania Department of Banking, License #34628

Absolute Home Mortgage Corp. 279 Browertown Road, Suite 105 W Paterson, NJ 07424
Phone: 1-855-888-2462 Toll Free: 1-855-888-AHMC E-mail: customer.service@ahmcloans.com

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