Home Equity Line of Credit
Your home can be a powerful financial tool. A Home Equity Line of Credit (HELOC) gives you the freedom to make major decisions on home improvements, college education, debt consolidation, and family vacations.
Our unique Bridge to Home Saver Line of Credit offers many layers of convenience and flexibility, including:
Easy access to funds within the first 10 years
No minimum credit score requirement
No prepayment penalty
Interest only monthly payment during the draw period
To get started, contact your local loan officer today!
Purpose
Refinance and Cash-Out refinance
Term
10 Years Draw + 20 Years Repayment
Maximum Loan Amount
$1,500,000
Maximum Loan to Value (LTV/CLTV*)
Up to 60% for loans less than $1,000,000;
Up to 50% for loans $1,000,000+
*CLTV includes any remaining loan on the property plus the new HELOC amount requested.
Occupancy
Owner-occupied/Second Home/Investment
Property Type
- Single Family Residence (1-4 units)
- Condominiums
- Planned Unit Developments
- Townhomes (1-4 units)
Eligible Borrowers
Individuals (including married or joint applicants), LLCs, Corporations, Trusts, Foreign Nationals, and Non-Permanent Resident aliens.
Access Method
- Credit line checks
- Access your account through EWB Online Banking1
- Contact East West Bank Loan Servicing for manual advance
1 Must have an EWB deposit account and sign up for EWB online banking.
Contact A Specialist
All rates, fees, products, and program guidelines are subject to change or discontinuance without prior notice. Other limitations and restrictions may apply. All loans are subject to East West Bank's application, underwriting, appraisal, and credit approval. Program is available in select counties of California, Georgia, Massachusetts, Nevada, New York, Texas, and Washington. Cash-out refinancing is not available in the state of Texas.