A home equity line of credit (HELOC) is different from a home equity loan in the sense that a HELOC is a revolving credit facility. This means that you can utilize as much as you’d like within the authorized borrowing limit and pay down the balance accordingly. With a home equity line of credit (HELOC), you have borrowing freedom and unlike a traditional mortgage, there aren’t scheduled amortized payments. Furthermore, you are only required to pay interest on the balance of the home equity line of credit (HELOC). Keep in mind that a home equity line of credit (HELOC) interest rate differs from a traditional mortgage interest rate however rest assured that DV Capital will work relentlessly to secure the best HELOC rates available to you. A home equity line of credit can be an excellent borrowing facility for homeowners, self-employed individuals and real estate investors. A home equity line of credit (HELOC) works especially well for short-term use of funds, as well as for renovation and construction projects. Having the ability to draw specific amounts of money at specific times can help reduce cost and increase your overall profit. DV Capital has been providing and structuring some of the best home equity loan rates and home equity loan approvals for over a decade and works with a variety of home equity loan lenders that provide flexible low-rate home equity and home equity line of credit approvals. If you are seeking a home equity line of credit (HELOC), do not hesitate to contact DV Capital for a low rate home equity line of credit approval whether you live in Ontario, British Columbia or Nova Scotia.