With a Home Equity Line of Credit (HELOC), you simply write a check as needed up to your approved credit limit*. As you repay your credit line, the funds become available to borrow again with no need to reapply.
Our HELOC is a variable rate product based on the 13 Week Treasury Bill plus a 3.00% margin as published in the Wall Street Journal. There are no closing costs or fees associated with our HELOC. Interest paid on your home equity loan may be tax deductible;
consult your tax advisor for details.
Home Equity Lines of Credit are available in: CT, GA, MA, NC, NH, NJ, NY, RI, SC, and TN. SoundView will never sell your mortgage.