A HELOC is a variable line of credit that offers access to the equity you built up in your home by simply writing a check. This comes in handy for emergency’s as well as high interest debt pay offs, remodeling the home, or for a short-term homeowner (Typically less than 2 years). Rates are connected to the prime interest rate 3.25%. The LTV or loan-to-value is 0 – 80% depending the credit profile. 10, 15, 20, 25 fixed and variable options available for you.