What is a HELOC?
A Home Equity Line of Credit (HELOC) is a flexible loan that allows you to borrow against the equity in your home. It works like a credit card, you have a set limit, and you can borrow, repay, and borrow again as needed. It’s ideal for funding renovations, education expenses, consolidating debt, or other big purchases.
Benefits of FHA Mortgages
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Flexibility:
Flexible borrowing and repayment options.
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Competitive Interest Rates:
Usually, lower interest rates than credit cards or personal loans.
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Tax Advantages:
Possible tax deductions on interest (consult a tax advisor).
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Availability:
Access to funds whenever you need them.
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Revolving credit:
Borrow, repay, and borrow again.
How It Works:
A typical HELOC has two phases:
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Draw Period:
Usually 5–10 years, during which you can borrow money as needed.
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Repayment Period:
Usually 10–20 years, when you repay what you’ve borrowed plus interest.
Is a HELOC Right for You?
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If you have substantial home equity and need flexible access to funds, a HELOC might be a good fit. It's important to consider your ability to repay and current interest rates. Contact us for personalized advice to see if a HELOC matches your financial goals.
Get Started Today
Ready to explore your options? Contact our team of expert mortgage advisors for a free consultation. You can reach us via email, phone, or our contact form.
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What Others are Saying
About Fort Funding?
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Why Choose Us?
(It Might Surprise You.)
You have a lot of options when it comes to choosing your mortgage lender. That’s why here at Fort Funding, work hard to give every single customer the most incredible lending experience possible.
This might surprise you, but, we go against the grain of the mortgage industry. Why? Because nowadays, so many lenders have given up quality for quantity– and it’s customers like you who suffer. That’s not us, and it never will be.
Since we began in our small office in Brooklyn in 1993, we’ve treated every client like family, and reimagined what a first-class, personal mortgage experience can look like.
If you’re looking for a personalized experience we’re excited to show you the hundreds of loan options available at incredible rates.
Start Your Mortgage Approval Process Now
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We love helping people find the answers they need.
718-921-0200
NEW YORK
NMLS #39463.
License #RMB 209074
Registered Mortgage Broker - New York State Department of Financial Services. All loans arranged through third party providers.
NEW JERSEY
NMLS #39463
New Jersey Residential Mortgage Broker. Licensed by the NJ Department of Banking and Insurance. We do not make any mortgage commitments or fund any loans. All loans arranged through third party providers.
CONNECTICUT
NMLS#39463.
License #20264
Connecticut Mortgage Broker - Connecticut Department of Banking. Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
PENNSYLVANIA
NMLS #39463.
License #59975
Licensed by the Pennsylvania Department of Banking and Securities.
FLORIDA
NMLS#39463.
Lender License #MBR2367
Licensed by the Florida Office of Financial Regulation.
CALIFORNIA
NMLS#39463.
License/Registration # 60DB0-148018
Licensed Under the California Department of Financial Protection and Innovation.
California-DFPI Financing Law License
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