Q: What are the eligibility requirements for a HELOC?

Home Equity: Sufficient equity in your property, generally at least 15-20%.

Credit Score: A good credit score, typically 620 or higher, though higher scores may secure better rates.

Income and Employment: Stable income and employment history to demonstrate repayment ability.

Debt-to-Income Ratio: Lenders assess this to ensure you can manage additional debt.