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Home Equity Line of Credit (HELOC)
Flexible Access to Your Home's Equity When You Need It
Updated: February 2026
Reviewed: February 2026 by Sebastian Naranjo, NMLS #2313958
A Home Equity Line of Credit (HELOC) is a flexible and convenient way to access the equity in your home. Whether you're planning a renovation, consolidating debt, or covering unexpected expenses, a HELOC can help. They can get you the funds you need when you need them. At SRK CAPITAL, we're here to help you make the most of your home's value with our competitive HELOC solutions.
Flexible
Access to Credit
Lower
Interest Rates
90%
Max LTV Ratio
What Is a HELOC?
A HELOC is a revolving line of credit secured by the equity in your home. Unlike atraditional loan, where you get a lump sum upfront, a HELOC allows you need. You are given an approved credit limit that you can use as you want, like a credit card. But they typically have lower interest rates than credit cards, and they are secured by your home.
HELOCs are ideal for home owners who need flexible access to funds over time. These loans offer a draw period, during which you can pull funds. This is followed by a repayment period where you repay the borrowed amount with interest.
Draw Period
5-10 years of flexible access
Repayment Period
10-20 years to pay back
Key Benefits of a HELOC
Flexible Borrowing
- Borrow only what you need, when you need it, up to your credit limit.
- Funds can be used for a variety of purposes, including home improvements andrenovations, medical expenses, or education.
Lower Interest Rates
- HELOCs often have lower interest rates than credit cards or personal loans.
Pay Interest Only on What You Use
- You're only charged interest on the amount you borrow, not the entire credit limit.
Potential Tax Benefits
- Interest paid on a HELOC may be tax-deductible if used for home improvements (consult a licensed tax advisor).
Access to Your Equity Without Selling
- Keep living in your home while using its value to fund your goals. Taking advantage ofyour homes unused equity is a great way to access funds when you need them.
Unlock Your Home's Potential
A HELOC provides the financial flexibility you need while maintaining the security of homeownership.
How Do They Work?
Understanding the HELOC process from application to repayment
1
Application and Approval
Apply for a Home Equity Line of Credit through SRK CAPITAL. We'll assess your home's value, available equity, and your creditworthiness.
2
Draw Period
Once your loan has been approved and funded, you can access funds during the draw period. This is typically anywhere from 3 to 10 years. Payments during this time are typically interest-only.
Most flexible phase
3
Repayment Period
After the draw period ends, you enter the repayment phase, which typically lasts on average 10 to 20 years. During this time, you repay the outstanding principal with interest.
HELOC Timeline
2-6
Weeks to Approval
5-10
Years Draw Period
10-20
Years Repayment
Who Can Gain from a HELOC?
Home Owners Looking to Renovate
Use your HELOC to fund kitchen upgrades, bathroom remodels, or outdoor improvements.
Home improvements
Borrowers Consolidating Debt
Pay off high-interest debts, like credit cards, with a lower-interest HELOC.
Business growth
Families Covering Education Costs
A HELOC can helppay for tuition, books, or othereducational expenses.
Education funding
Emergency Fund Access
Use your HELOC as a financial safety net for unexpected expenses.
Emergency ready
Is a HELOC Right for You?
If you have significant home equity and need flexible access to funds, a HELOC could be the perfect financial solution.
HELOC vs Home Equity Loan
A HELOC and ahome equity loan (HELOAN) both use your home as collateral, but theywork differently:
HELOC
- Revolving line of credit.
- Borrow as needed, up to your limit.
- Variable interest rates.
Home Equity Loan
- Lump sum payment.
- Fixed repayment terms.
- Fixed interest rates.
Choosing between the two depends on your needs. If flexibility is key, a HELOC probably is the better choice.
Steps to Getting a HELOC
Follow these steps to secure your home equity line of credit
1
Assess Your Needs
Find out how much equity you have and how much you want to borrow.
💡 Tip: Most lenders require at least 15-20% equity in your home
2
Apply Online or Contact Us
Finish a simple online loan application. Our team is available to answer any questions that you may have.
3
Get Your Loan Started with the Lender
Your application will be reviewed by the lender. Once approved, your HELOC will be ready for use.
4
Access Funds
Use your HELOC as needed, whether it's all at once or in smaller amounts over time.
5
Repay Over Time
Make your payments during the draw and repayment periods.
Ready to Apply?
Our streamlined process makes getting a HELOC simple and straightforward. Get started today!
Common Questions About HELOCs
Find answers to frequently asked questions about HELOCs
The amount depends on your home's unused equity and current value, minus any existing mortgage balance.
Still have questions? Our HELOC experts are here to help!
Contact Us →Get Started Today with SRK CAPITAL
A HELOC is a powerful tool for unlocking your home's potential. Whether you'rerenovating your home,consolidating debt, or have amajor expense like tuition, SRK CAPITAL is here to help.
ContactSRK CAPITAL today to learn more about our HELOC options. Our team of experts will work with you to find the best solution for your financial goals.
SRK CAPITAL – Helping You Make the Most of Your Home's Equity.
1
Quick Assessment
Evaluate your home equity
2
Easy Application
Simple online process
3
Fast Approval
Get funds quickly
Ready to unlock your home's potential?
Let SRK CAPITAL help you get started with your HELOC today!
Financial Disclosure
The information provided on this page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates and terms are subject to change and may vary based on your individual financial situation. Please consult with a licensed mortgage professional at SRK CAPITAL for personalized guidance.