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Frequently Asked Questions

A HELOC (Home Equity Line Of Credit) is a mortgage that allows you to borrow against the value in your home

Interest rates will be dependent on multiple different factors. Please call us at (844) 606-9533 or apply online for specific rate details.

Traditional HELOCs are complicated, with a set of rates that frequently change and can make it hard to understand how much you are really paying for credit. These products may use “teaser rates” that can mislead consumers into taking on more debt than they should. Also, with a traditional HELOC, you may be faced with “payment shock”, because your payments can suddenly increase significantly, or you may be required to pay off your balance all at once. Finally, traditional HELOCs may result in borrowers getting further into debt.

Our program offers HELOCs up to $150,000. The amount you can borrow depends on your specific circumstances. When you apply for a Lendage HELOC, we take the time to talk with you about your debts, income, and needs, so that we can determine a borrowing amount and payment that is right for you.

Interest rates will be dependent on multiple different factors. Please call us at (844) 606-9533 or apply online for specific rate details.

What you should know about Home Equity Lines of Credit

Click the button below to download an information booklet from the Consumer Financial Protection Bureau (CFPB) about HELOCs.