Home Equity Lines of Credit With a Home Equity Line of Credit, you can borrow against your equity - the value of your home less your outstanding mortgage and loan balances for any need. With your home equity line of credit, you receive a revolving line of credit with a low variable interest rate. You'll only pay interest on the amount you use during the draw period.
No origination fee.
No closing costs for home equity loans up to $100,000.
