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Home Equity Line of Credit

A home equity line of credit uses your home as collateral for a loan with an agreed upon maximum amount. You can repeatedly draw money from this line of credit for a specified period of time.

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Client will receive 0.5 discount points off current pricing. One point is equal to 1% of the loan amount. This offer is available for refinance and purchase loans. This offer is only available to clients who lock their interest rate while completing the application process before 11:59 p.m. ET on December 10, 2019. Offer valid only on 30-year conventional fixed rate loans. Offer valid on loan amounts of $100,000 or higher. Offer does not apply to loans submitted to Quicken Loans through a mortgage broker, Charles Schwab loans or team member loans. Offer is nontransferable. This offer cannot be retroactively applied to previously closed loans or loans already in process. Quicken Loans reserves the right to cancel this offer at any time. Acceptance of this offer constitutes acceptance of these terms and conditions, which are subject to change at the sole direction of Quicken Loans. This is not a commitment to lend. Additional restrictions/conditions may apply.