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Crestico Funding
  1. Home
  2. Home Loans
  3. Loan Options
  4. Access to Home Equity
  5. Line of Credit

Line of Credit with Crestico

A Line of Credit gives homeowners flexible access to funds whenever they need them instead of receiving one large loan. If you have available home equity, a Home Equity Line of Credit can help you pay for renovations, consolidate higher interest debt, cover education expenses, or manage unexpected costs while only paying interest on the amount you use.
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What is a Line of Credit?

A Line of Credit is a revolving credit account that allows you to borrow money up to an approved limit, repay the balance, and borrow again whenever needed. Unlike a traditional loan that provides a single lump sum, a Line of Credit gives you ongoing access to available funds throughout the borrowing period.

At Crestico, we help qualified homeowners access a Home Equity Line of Credit using the equity they have built in their property. Depending on your available equity, financial profile, and loan qualifications, you may be able to borrow up to 80 percent of your home’s value.

Step 1

Check Eligibility

Step 2

Payment Option

Step 3

Get Approved

Step 4

Close the Loan

Step 5

Repayment & Loan Terms
Homeowner planning renovations and future expenses with a Home Equity Line of Credit

Who Can Benefit from a Home Equity Line of Credit?

A Home Equity Line of Credit is a practical financing option for homeowners who need flexible access to money over time rather than all at once.

It may be suitable for homeowners who want to improve their property, consolidate debt, pay education expenses, cover medical costs, manage unexpected emergencies, or finance major purchases while maintaining control over when and how much they borrow.

Benefits of a Line of Credit

A Home Equity Line of Credit offers flexibility that many traditional loans cannot provide. Since you only pay interest on the amount you use, it can be an efficient solution for ongoing expenses.

Additional benefits may include competitive interest rates, convenient access to funds, reusable credit after repayment, and the ability to manage large expenses over time instead of taking a single lump sum.

How a Line of Credit Works

Borrow Only What You Need

Access funds whenever you need them instead of receiving one large loan. Interest is charged only on the amount you actually borrow.

Flexible Access to Funds

Use your available credit as expenses arise without submitting a new loan application every time.

Revolving Credit

As you repay your outstanding balance, your available credit is restored, allowing you to borrow again throughout the draw period.

Credit Limit Based on Home Equity

Your available borrowing limit depends on factors including your home’s value, available equity, credit profile, income, and lender guidelines.

Where Can a Line of Credit Be Used?

Homeowners commonly use a Line of Credit for:
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Home renovations
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Kitchen and bathroom remodeling
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Debt consolidation
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Medical expenses
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Education costs
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Emergency expenses
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Business opportunities
N
Major purchases
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Investment property improvements

Frequently Asked Questions

How is a Line of Credit different from a loan?

A traditional loan provides one lump sum that is repaid over a fixed schedule. A Line of Credit allows you to borrow as needed, repay, and borrow again while paying interest only on the amount you use.

How much can I borrow?

Your available credit limit depends on your home’s value, available equity, income, credit history, and lender requirements.

Does a Home Equity Line of Credit have a fixed interest rate?

Many Home Equity Lines of Credit use variable interest rates, although available options may vary depending on the lender and loan program.

Can I repay my balance early?

Yes. Most Home Equity Lines of Credit allow early repayment without prepayment penalties, helping reduce overall interest costs.

Is a Home Equity Line of Credit secured?

Yes. A Home Equity Line of Credit is secured by your home’s available equity, which generally allows for lower interest rates than unsecured credit products.

Get the Best Home Loan Rates  With Crestico

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Henry D.
Marisol was extremely helpful and successful in resolving the problems associated with my loan. We are very happy with our new loan.
Maria C.
They were always available to answer my questions and made the entire process simple and straightforward. I got a great rate and the support I needed to close on time. I wouldn't hesitate to use them again or recommend them to family and friends!
Nik N.
I couldn't have had a more amazing experience with our realtor - Diane Phillips. Diane is extremely knowledgeable and personable. She got to know me and my...
Tatiana G.
Houtan and Marisol are a great team. They helped my dad with his refinance and made the process seamless. They answered every question we had and came up with solutions if we ran into any issues. Thanks again!
Wesley P.
I had an amazing experience.I received all the information, support and they were very Knowledgeable of the information that I needed.
George H.
Excellent Mortgage Broker – Highly Recommended! I had an amazing experience working with Houtan and his team at Crestico. From start to finish, not only Houtan himself but his entire team made the mortgage process smooth, stress-free, and efficient. Their knowledge and expertise were evident at every step, ensuring I got the best possible loan terms. Communication was outstanding; Houtan was always available to answer my questions, explain complex details in a way that made sense, and guide me through the entire process with confidence. They were proactive, transparent, and truly had my best interests in mind. If you’re looking for a mortgage broker who is professional, reliable, and dedicated to helping you secure the best financing, I highly recommend Houtan and his team. I couldn’t have asked for a better experience!
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive, personable, and knowledgeable. He is incredibly reliable and would answer calls or emails within minutes when I had questions. I can't recommend Houtan enough for buying a house. We had been working directly with a large bank on a loan, and all seemed fine until we had an accepted offer, then we started having issue after issue where there was just no sense of urgency. We almost had to walk away from our house, but Houtan and his team were referred to us in mid escrow, helped us explore multiple options in parallel, and close on time. Houtan was very responsive and on top of everything, presented our options very clearly, patient with all our questions, and really understands the Los Angeles housing market.
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Niloofar S.
As a first time home buyer, taking out a jumbo loan could’ve been quite scary. But Houtan and his team made it a pleasant experience. An amazing team who are always one step ahead of the process.
Mohammad S.
Easy to work with ! Professional people and honest!
Jack M.
Worked with Houtan. He got our loan closed super fast and got us a rate that was lower than what our bank offered us. I'm very happy with Crestico and i recommend them to anyone.
Rebecca S.
Finally a real professional with a heart! Working with Houton makes me feel like having a friend who is on my side, rather than a businessman who is always looking out for #1. He is extremely helpful, knowledgeable, and responsive. He was always happy to explain and strategize with me whenever I needed help. Unlike most realtors and lenders out there who don't want to use their brains and only do easy and mindless paperwork, Houtan has great analytical and investment insights to share with his clients. I wholeheartedly recommend him to anyone who values the rare combo of both thoughtfulness and top-notch expertise.
Ramtin S.
Thank you Houtan and the entire team for going above and beyond every single time. From the onset, you guys gather whatever is necessary to get the job done as quickly and efficiently as possible, always keeping constant communication. My rate and fees are disclosed and never change at the time of signing.
Shayan M.
These guys were a godsend when searching for a home loan. I was first time home buyer and they helped out with the entire process. Everything from the customer service to making sure I was informed for every step of the process was handled exceptionally. I am absolutely ebullient with Houtan and his entire team have given me, and helping me transcend into the status of homeowner.
Pouyan B.
I have been working with Houtan for over 10 years. He and his office have always been great to work with. Excellent communication and great work ethic. I will definitely be back for my other mortgage needs in the near future.
Michael R.
Thank you Houtan and team for helping me secure my home loan! Great communication, customer service and rate! Look no further, call Crestico for all of your home loan needs.
Bronson M.
I want to express my gratitude to Houtan and his team. Houtan is extremely knowledgeable and really takes the time to answer any questions that you have. He wants the best for his clients and I would recommend him to anyone.
Diba P.
I want to take a moment to express my gratitude for Houtan Hormozian and the exceptional service he provided in helping me secure a loan. From our very first conversation, he was attentive, understanding, and incredibly knowledgeable about the lending process. He took the time to explain all the details, answered all my questions patiently, and worked tirelessly to find the best options tailored to my needs. His professionalism and dedication made what could have been a stressful experience into one that was smooth and straightforward. Thanks to Houtan Hormozian, I was able to secure the financing I needed, and I couldn't be happier with the outcome. I highly recommend him to anyone in need of lending services. His commitment to his clients is truly commendable!
Golnaz G.
Houtan and his team are the best. They made the whole process of buying the house so easy for me. Houtan is very professional,knowledgeable , trustworthy and caring. He wants the best for his costumers. I highly recommend him to everyone.
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