HELOC

HELOC: Flexible Access to Your Home’s Equity

Your home is more than a place to live—it’s also a powerful financial asset. A Home Equity Line of Credit (HELOC) lets you borrow against the equity you’ve built in your home and use it when you need it most. At Barry Lends, we help homeowners unlock their equity with flexible, revolving credit lines designed around your financial goals.

What Is a HELOC?

A HELOC is a revolving line of credit secured by your home’s equity. Unlike a traditional loan with a lump-sum payout, a HELOC allows you to borrow, repay, and borrow again during a set draw period—similar to a credit card, but usually with much lower interest rates.

Key Benefits of a HELOC:

• Access funds only when you need them

• Use for home improvements, debt consolidation, education, or unexpected expenses

• Interest-only payments available during the draw period (varies by program)

• Flexible repayment options after the draw period ends

• Interest may be tax deductible (consult your tax advisor)

Who Qualifies for a HELOC?

You may be eligible if:

• You have sufficient home equity (typically at least 15–20%)

• You have a stable income and credit history

• Your debt-to-income ratio is within allowable limits

• The property is your primary residence, second home, or investment property (depending on program)

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As your trusted advisor, we are here to guide you every step of the way. Licensed in multiple states and a national reputation for excellence.

We’re committed to transparent, compliant lending practices in accordance with state and federal regulations. All loan applications are subject to underwriting approval. Terms and conditions apply.