Home Equity Line of Credit
HELOC
This line of credit is drawn off of the equity of your home. It allows you to pull cash out of your home's equity as many times as you want during the draw period up to the line maximum, for any purpose. Draw period is 10 years, and repayment is 20 years thereafter. Total Amortization is 30 yrs.
During the draw period, make minimum payments only, or more if you want to free up the available credit, then re-use it over and over! Rinse and repeat if you want. Buy a property with it, go on vacation, pay off debt, do anything!
Interest Rates on this product are generally much better than your credit cards. Rates are variable (Prime Rate + Margin).
Contact us for more information.
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Castle Rock Mortgage LLC brings decades of residential and commercial mortgage lending experience to a host of today’s most convenient financial technologies.
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Castle Rock Mortgage LLC
1984 E Sarona Ct
San Tan Valley, AZ 85143
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Castle Rock Mortgage LLC | NMLS ID 1935205 | NMLS Consumer Access |
Privacy Notice | Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval. | Castle Rock Mortgage LLC is a Mortgage Broker and is not the FHA, which is a government agency, nor working on behalf of the FHA or any government agencies.
