Access your equity without moving

Truehold’s Home Equity Line of Credit (HELOC) provides flexible access to your home's equity while keeping you in the driver's seat.

What is a HELOC?

A Home Equity Line of Credit functions like a credit card secured by your home's equity. You're approved for a credit limit based on your home's value and existing mortgage balance, then draw funds as needed during a designated draw period.

How It Works

Apply for Your Credit Line

Submit your application with basic financial information. We'll review your credit history, income, and more to determine your available credit line.

Review and 
Get Approved

Once approved, you'll receive a credit limit typically ranging from 80-85% of your home's value, minus any existing mortgage
balance.

Cash SVG

Get Access 
to Your Funds

During your draw period, access funds through transfers, checks, or credit card. You only pay interest on the amount you actually use.

Truehold’s HELOC helps all kinds of homeowners achieve their goals.

Flexible Access

Unlike a lump-sum loan, a HELOC gives you ongoing access to funds. Draw what you need, when you need it, without reapplying or paying interest on unused credit.

Competitive Rates

HELOCs typically offer lower interest rates than credit cards or personal loans because your home secures the credit line. This makes them an efficient way to finance major expenses or consolidate higher-interest debt.

Interest-Only Payments

During the draw period, you can choose to make interest-only payments, keeping monthly costs manageable while you complete projects or work through financial transitions.

Tax Benefits

When used for home improvements, HELOC interest may be tax-deductible, providing additional financial benefits for homeowners investing in their property.

HELOC vs. Other Home Equity Options

HELOC
Cash-Out Refinance
Access to Funds
Draw as needed
Lump sum
Monthly Payments
Interest only (initially)
Full mortgage payment
Home Ownership
Remain owner
Remain owner
Qualification
Based on equity/credit
Based on full mortgage
Best For
Ongoing projects
Large one-time expenses

Frequently asked questions

See all FAQs
How much can I borrow with a HELOC?
Most lenders allow you to borrow up to 80-85% of your home's appraised value, minus any existing mortgage balance. For example, if your home is worth $300,000 and you owe $150,000, you might qualify for a $90,000-$105,000 credit line.
What can I use HELOC funds for?
HELOC funds can be used for home improvements, debt consolidation, education expenses, emergency funds, or other major purchases. When used for home improvements, the interest may be tax-deductible.
How do HELOC payments work?
During the draw period (typically 10 years), you can make interest-only payments on the amount borrowed. After the draw period ends, you enter the repayment phase where you pay both principal and interest over a set term.

Truehold’s HELOC 
is Coming Soon!

Submit your info today to get notified 
when our product becomes available!

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