Home Equity Line
Unlock the equity in your home and turn it into a revolving line of credit that is ready to use when you need it. You can count on CoreFirst to offer quick approval time, competitive rates and easy payments based on your needs. Use your equity line¹ as a smart way to finance anything from vacations to home repairs.
- Interest is charged on only on the amount advanced
- Experienced loan officers that can help you through every step of the process
- Local processing of your loan documents
- Calculators to help you determine what you can afford and monthly payment scenarios
Home Equity Loan vs. Home Equity Line:
Look at a home equity loan as a second mortgage on your home. You receive your proceeds in one lump sum and you make fixed monthly payments.
A home equity line is a revolving line of credit that allows you to utilize the limit as you need it. Lines require monthly interest only payments and interest is charged only on the amount that is advance - the line is very similar to a credit card.
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