Utilizing the Profile HELOC just like the a home equity mortgage
The new Contour HELOC

Figure’s HELOC is created in another way regarding most other HELOCs, not. A statistic HELOC entails credit a complete count upfront. Up coming, once some of the financing try paid down, the brand new paid back matter exists to be borrowed again afterwards.
With a statistic HELOC, the interest rate towards the amount borrowed initial is fixed. The interest rate into the people upcoming credit against the line of credit is set predicated on Figure’s rates, during the upcoming time the extra cash is borrowed. Lire la suite



