Home Equity Lines of Credit (HELOC)
A Law Firm Focused on Real Estate Law
A Home Equity Line of Credit (HELOC) is a loan provided by a lender that allows you to borrow against the equity in your property (the difference between the amount owed on your home and the value of the home). This revolving line of credit is secured by a mortgage on your property and will have a maximum loan amount that can be withdrawn from over a set period of time (draw period). HELOC’s are often used to make large purchases, remodel your home, consolidate high interest credit cards or are opened as a go-to fund for emergencies.
If you are considering opening a HELOC or need an attorney to oversee your closing, please contact our office for more information.
For experienced legal help in the Charleston, South Carolina area, contact Weeks & Irvine, LLC. To contact us, call 800-553-7449. All materials have been prepared for general information purposes only to permit you to learn more about our firm, our services and the experience of our attorneys. Communication by or through this website does not create an attorney-client relationship. The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice.