A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from t...
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A home equity line of credit , or HELOC (/ˈhiːˌlɒk/ HEE-lok ), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage). Because a home of...
Loans and lines of credit are both ways to borrow from lenders, but they differ in how they can be used and the manner in which they are paid off.
The Homeowner Readiline® is a lending option that combines both a mortgage and a line of credit in one. See how it offers flexible home financing and more.
Understanding Warehouse Lending A warehouse line of credit is provided to mortgage lenders by financial institutions. The lenders are dependent on the eventual sale of mortgage loans to...
Homeowners can borrow cash against their home's equity using a home equity line of credit. Learn more about how a HELOC works and how to get one.
A home equity line of credit, or HELOC, is a second mortgage to leverage the equity in your home for cash. See how a HELOC works and if it’s right for you.
You can use your equity to secure low-cost funds in the form of a second mortgage—either a one-time home equity loan or a revolving home equity line of credit (HELOC) . There are...
A home equity line of credit (HELOC) might be the best way to access home equity when interest rates are high and rising. Learn how to get a home equity line of credit.