Flexible Access to Your Home Equity
HELOCs with variable rates and interest-only options during the draw period.
Revolving credit
Interest-only draw
How a HELOC Works
💳
Draw period
Borrow, repay, and borrow again up to your limit.
📉
Variable rates
Rates can change with market conditions.
📆
Repayment period
Payments shift to principal + interest after draw.
HELOC vs Cash-Out
Pros
- Flexible revolving access
- Interest-only during draw
Cons
- Variable rates may rise
Estimate HELOC vs Cash-Out
Quick estimate of potential monthly payment difference. For illustration only; actual terms vary.
Estimated monthly payment
HELOC (draw)
$1933
Cash-out
$2155
Potential monthly difference: $222
Actual payments depend on program details, APR, MI, taxes, and insurance.
Choose your path
Remodeling
Tap equity as projects progress.
Emergency buffer
Keep a line available for unexpected needs.
Opportunistic
Use funds when timing is right and repay quickly.
Trusted by borrowers
Revolving access
Flexible uses
“The line gave us flexibility during our renovation.”
FAQs
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