Tap Into Your Home’s Equity with a HELOC

At Sound Home Loans, we offer a flexible way to access the equity in your home through a Home Equity Line of Credit (HELOC), often used as a second mortgage. A HELOC works like a revolving line of credit, allowing you to borrow up to a set limit and make payments based on the amount you use. This gives you the flexibility to manage your finances and fund significant expenses as needed.

HELOCs typically have lower interest rates than credit cards or unsecured loans, making them an affordable option for major purchases like funding a child’s college education, buying a new vehicle, or covering home improvements. As the balance changes, your payments adjust accordingly, giving you control over your cash flow.

At Sound Home Loans, we guide you through the process of using a HELOC or second mortgage to meet your financial goals. To qualify, you generally need a credit score of 620 or higher, a debt-to-income ratio of 43% or lower, and enough equity in your home to maintain at least 20% in your first mortgage. With our flexible terms and competitive rates, we make accessing your home’s equity straightforward and stress-free. Contact us today to learn how a second mortgage could work for you.