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5.49% APR^* –

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Your Home, Your Canvas for a Bold Refresh

Your home isn’t just a place to kick off your shoes and binge-watch your favorite shows—it’s also one of your biggest financial assets. And if you’ve built up equity in it, you’re sitting on a powerful tool to fund your next big move (literally or figuratively).

A Home Equity Line of Credit (HELOC) lets you borrow against your home’s value, giving you flexible access to funds whenever you need them—up to 80% of your home’s loan-to-value (LTV).

Here’s how it works: Say your home is worth $800,000, and you still owe $300,000 on your mortgage. That means you have $500,000 in equity. With a HELOC, you may be able to borrow up to 80% of your home’s value, minus what you still owe. In this example, 80% of $800,000 is $640,000. After subtracting your remaining mortgage balance of $300,000, you could potentially access up to $340,000.

Find Out Your Home’s Equity Potential – Use this calculator to estimate your loan-to-value (LTV) and see how much equity you may have in your home. 

Home Equity Line of Credit Calculator

With an special introductory rate HELOC offer, CommonWealth is giving you an even better way to tap into your home’s value:

5.49% APR^* – Fixed for 12 months 
As low as 7.50% APR thereafter

Why Consider a HELOC?
Lower Interest Rates – Way better than credit cards and personal loans.
Potential Tax Perks – Your accountant might just high-five you.¹
Flexibility – Borrow what you need, when you need it.
Smart Financial Planning – Make your money work for you, whether that means upgrading your kitchen, consolidating debt, or starting an Emergency Fund.

Let’s Make It Happen
Whether you're remodeling your kitchen, covering college tuition, or consolidating debt, a HELOC can give you the financial flexibility you need. Reach out today to see how we can help you make the most of your home’s value!

Additional Resources 
Here are some other solutions that can help you utilize the equity in your home. 

Home Equity Loan
First Mortgage Cash-out Refinance

^*APR= Annual Percentage Rate. The initial rate for the Intro Rate Home Equity Line of Credit (HELOC) is fixed at 5.49% APR for the first 12 months. The introductory rate is not based on the index and margin used for subsequent rate adjustments. After 12 months the APR varies based on Prime Rate plus a margin of 0.00% to +5.00% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal “Money Rates” table on the 20th of the prior month. Minimum APR 4.00%, maximum APR 18.00%. Intro Rate HELOC is available up to 80% CLTV with loan amounts of $10,000 - $500,000. During the draw period, you may withdraw funds up to your credit limit and pay interest accrued on that balance monthly. After the draw period, the loan is amortized, and you pay principal and interest monthly. No early closure fees and no prepayment penalty. Borrowers cover closing costs of $450 to $1,500, including appraisal and escrow. No loan processing fees for new HELOCs; a $500 fee applies to refinancing existing CommonWealth HELOCs. Rates, terms, and conditions are subject to change without notice. HELOC offer is available for existing CommonWealth members and to new members residing in the following counties in California: Alameda, Contra Costa, Merced, Monterey, San Benito, San Mateo, Santa Clara, and Santa Cruz. 

¹Consult a tax advisor regarding the deductibility of interest.

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