Home Equity Line of Credit - Signal Financial
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Turn your house value into cash

with Home Equity options from Signal Financial.

 

Whether you’re looking to consolidate bills, refinance your mortgage, finish that basement, or maybe even get that boat you’ve been eyeing, Home Equity options from Signal Financial give you the flexibility you need—when you need it.

But before we go any further, let’s back up a few steps…

What’s Home Equity, exactly?

Home equity is the portion of your property that you truly “own.” At Signal, we offer two ways to access it:

Fixed Second Trust Mortgage: A second mortgage is a lump-sum loan with a fixed term and rate that lets you borrow against the value of your home.

Home Equity Line of Credit (HELOC): A HELOC is a line of credit secured by your home that you can tap into when desired. Essentially, it gives you a revolving credit line to use for big expenses—like renovations and repairs—or to consolidate higher-interest-rate debts on other loans like credit cards.

Signal offers an introductory rate on Home Equity Lines of Credit of 1.99% APR* for the first year, after which the rate is adjustable and consists of the Prime Rate plus a margin of 0.000% or 0.500%, depending on the Combined Loan-To-Value.

What’s everyone else doing with their Home Equity?

Infographic showing how people use home equity products

What’s best for you?

Well, there are a few options. If you’re ready to dive into the details let’s connect in person or by phone. We can review your unique needs and see which path is best for you.

Let’s chat! Fill out the form or simply dial 301-933-9100, ext. 104.

 


*APR=Annual Percentage Rate. The introductory APR for 90% Loan-to-Value Home Equity Lines of Credit (HELOCs) is 1.990% for the first 12 months. After the intro rate or for lines not subject to the intro rate, your monthly APR will be a fully indexed, variable rate based on the Prime Rate as published by the Wall Street Journal plus a margin of 0.000% or 0.500% (dependent upon the Combined Loan-To-Value), subject to change. The minimum APR that can apply is 4.500%. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change at any time without notice.