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How to make a HELOC draw

Accessing Home Equity: Hassle-Free Draws

 

Easily use funds from your Home Equity Line of Credit (HELOC).  Find straightforward and responsible ways to access your home’s equity for financial goals or to enhance any aspect of your life.

 

To make a draw from your HELOC please follow these steps.

1

Check Available Funds

Confirm your HELOC's available credit line by logging into our app. Select your HELOC loan and review your credit line available under “details & settings”.

2

Conduct Transaction and Provide Information

Specify the amount you want to draw. Double-check transaction details, then follow instructions from inside the app or our experts to finalize the draw.

3

Understand Repayment Terms and Monitor Account

Know when and how to repay the borrowed amount. Regularly check statements for balance updates.

Ready to take your finances to the next level?

Whether it's home improvements, advancing your studies, or pursuing new goals, a HELOC can make it happen. Now, enhance your banking experience by opening a checking account at Zing. Seamlessly manage your money, enjoy exclusive perks, and ensure your financial journey is as upgraded as your dreams!

Frequently Asked Questions

Yes! Take a look at our free HELOCs guide.

Zing offers free online e-courses that provides information about mortgages and home ownership.  Visit our e-course page today. 

One business day. Please refer to our HELOC checklist.

You can borrow up to 85% of the value of the home.

A HELOC works by allowing you to borrow against the equity in your home. Unlike a second mortgage, a HELOC acts similar to a credit card where you can borrow funds as you need them instead of receiving one lump sum of money.

Yes. Our expert mortgage loan officers are always ready to assist you. In the case someone is not available at one of our branches please reach out to them at [email protected].