Home Equity Line Of Credit

A Home Equity Line of Credit (HELOC) is a flexible loan that allows Florida homeowners to borrow against the available equity in their home.
Unlike a traditional loan, a HELOC works more like a credit card — you’re approved for a maximum credit limit, and you can borrow from it as needed, only paying interest on the amount you actually use.

How Does a HELOC Work?

When you take out a HELOC, you’re essentially opening a revolving credit line secured by your home.
Here’s how it typically works:

• Draw Period: Usually 5-10 years, where you can borrow funds as needed up to your approved limit.
• Repayment Period: After the draw period ends, you’ll begin repaying the remaining balance over a set term, usually 10-20 years.
• Variable Interest Rates: Most HELOCs have variable rates, which means your payment can fluctuate based on market conditions.

Common Uses for a HELOC in Florida

Homeowners in Cape Coral, Fort Myers, Naples, and throughout Southwest Florida often use a HELOC to:

• Fund home improvements or renovations
• Cover unexpected expenses or medical bills
• Consolidate higher-interest debts
• Pay for college tuition or education costs
• Use as a financial safety net for future needs

Benefits of a HELOC in Southwest Florida

Flexible Borrowing: Access funds when you need them
Lower Interest Rates: Typically lower than credit cards or personal loans
Pay Only What You Use: Interest applies only to the amount you draw, not your full credit limit
Tax Advantages: In some cases, interest paid on a HELOC may be tax-deductible (consult your tax advisor)

Why Work with Fairview Lending for Your HELOC?

Fairview Lending is a trusted, family-owned mortgage company based in Cape Coral, Florida, serving homeowners across Fort Myers, Naples, North Fort Myers, and all of Southwest Florida.

When you work with us, you can expect:

• Personalized HELOC options tailored to your financial goals
• Local experts who understand Florida’s unique real estate market
• Fast, transparent communication throughout the loan process
• A local team you can meet with in-person at our Cape Coral office or work with online

Whether you’re planning a major renovation or simply want to unlock your home’s equity, Fairview Lending can help you explore the right HELOC options for your Florida home.