With a Home Equity Line of Credit (HELOC) you agree a maximum credit limit and then draw money down as you need it for the first 5 years. So you can fund a deposit, then later pay for any renovation work and only pay interest on funds withdrawn.
There are no early repayment fees: if you choose to sell the property you can pay back in full with no penalties.
Answer a few simple questions to quickly see if you're elegible for the Selina Advance HELOC. Does not affect your credit score.
If you're eligible we will help you get the funds easily and promptly.
With a Selina Advance you’ll never pay an early repayment charge. Ever.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.