Equity Line of Credit

Getting Started

There are 2 simple things you can do to get more comfortable with the numbers that go into home ownership: Know what you can afford to spend on a home and find the most manageable way to finance it. Let us help with that.

Why apply for pre-approval before you start shopping?*

  • You’ll know exactly how much you can afford
  • You’ll know exactly what your interest rate will be
  • You’ll be in a good position to make an offer when you find the right home
  • There’s no obligation or cost to you

*Some conditions apply.

Get started by speaking to a Mortgage Specialist

Not only can a Mobile Mortgage Specialist offer valuable insight and advice, they’ll help you feel right at home with how your numbers add up, and what they mean now, and in your future.

Apply Now

Using your home’s equity

Finance your dreams with the value in your home or pay down some debt.

If you own a home, using the equity you have built up may be a cost-effective way to finance any number of aspirations.

Use your home’s equity to:

A home equity line of credit is a way to secure a lower interest rate while securing it against the equity of you house.  When you apply for a home equity loan, you can be approved for a specific amount of credit, which you can use for any purpose.  A home equity line of credit is different from a second mortgage, where you get a loan for a fixed amount and have regular mortgage payments.  Instead, a home equity loan can be used when you need cash, and is paid off based on how you use your line of credit.

With RS Thompson, you can compare offers from multiple lenders so you can shop for the best home equity loan rates, and find terms that meet your financial needs.

When you are ready to refinance, a specialist at RS Thompson can help you enjoy all the benefits of a home refinance loan custom-fitted to your needs.