wellspoken
Improve your home and consolidate debt with a CapEd Home Equity Line of Credit. 6 month introductory rate and 2.49% APR

If you have equity in your home, CapEd’s Home Equity Line of Credit gives you access to funds as you need them. You can use your HELOC to pay for home improvements, consolidate debt or even buy your next car. You can reuse your line of credit as you pay down your balance.

What is a Home Equity Line of Credit?

A home equity line of credit (HELOC), also known as a second mortgage, is a form of revolving credit in which your home serves as collateral. Because a home is often a consumer’s most valuable asset, many homeowners use home equity credit lines for major items such as education, home improvements, or medical bills.

CapEd’s HELOC offers:

  • Interest-only payments
  • No fees or closing costs on loans under $250,000**
  • No annual fee
  • Convenient access to funds
  • Up to 90% combined loan to value (restrictions may apply)
  • Ten year draw period to access funds from your home equity line of credit

After the draw period ends, you will enter the repayment period. Your access to funds will end and your loan will amortize over a 10 year period allowing you to pay if full at the end of the repayment period without a balloon payment.


Take advantage of the 2.49% special introductory variable APR* for 6 months!


*All loans subject to approval. Rates, terms, and conditions are subject to change without notice and vary based on creditworthiness, qualifications, and collateral conditions. Offer available only on new HELOCs with a minimum loan amount of $5,000. At the end of the 6-month promotional term, the rate will adjust to an APR based on the margin over prime for which borrower qualified and may vary from 4.00% APR to 13.00% APR. Maximum APR over the life of the loan is 18%. Consult your tax advisor regarding tax advantages. Limited time offer.
**Restrictions apply.

Google+ Authorship