Have a lot of little projects and aren’t sure how long it will take to finish them all?
Have a lot of little projects and aren’t sure how long it will take to finish them all? A Home Equity Line of Credit (HELOC) gives you the flexibility to use how much you need, when you need it.
Spend a few months updating those light fixtures from the ‘70s to a more modern look that probably won’t give you an electric shock when replacing the lightbulbs.
With a SunWest HELOC you’re not limited to using the funds just on home improvements either. Once the credit line is available on your account, you can use the funds just like a credit card or personal line of credit. Use your HELOC for new appliances, a dental crown, a diamond crown – it’s up to you.
5-year draw period, 10-year repayment period. You can use funds from your HELOC for up to 5 years with a low monthly payment. Once that time is up, you’ll have 10 years to pay off the balance.
Similar to a credit card, a HELOC has a variable rate that can increase or decrease according to the market. Unlike a credit card, the APR on your SunWest HELOC will never increase more than 1% in a 6-month period.
We'll help you run the numbers before running your credit.** Give us a call to receive a free estimate:
Give us a call and speak to one of our home loan extraordinaires. They can go into more detail and even take your application over the phone. You can also apply online from the comfort of your own home.