Gorman & Gorman Home Loans
Our loan officer did a great job making the process administratively easy, despite the fact that I was in 4 or 5 different cities (business travel) during the process.
 
—Steven S..
more testimonials >
 
What is a Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) lets you borrow what you need, when you need it. You use cash from your home's equity at your convenience, and only pay for what you spend.
Equity line of credit vs. a credit line
The process

Add to your home, pay off other debts or whatever you wish!   


FREE Debt Analysis
At no charge; we'll help you determine whether a Home Equity Loan makes sense with your current financial needs and goals. As a homeowner, you might save as much as $1,000 or more every month by consolidating your personal and/or credit card debt into a Home Equity Line of Credit.


There's no obligation to apply and it only takes a few minutes to see if you qualify. Apply today.


We have all of the options for you. If you wish to consolidate debt, remodel your house, buy a car or pay off college expenses, etc; a Home Equity loan or line of credit is a viable option for you!

Home Equity Loans and Home Equity Lines of Credit
You can choose from a traditional loan or a line of credit, where you borrow only what you need. Find out the advantages and disadvantages of each and decide which would be best for you.


need help?
(800) 917-8997
loan amt.
Rate Pnts APR Pmnt
30 Year Fixed Conforming
5.000% 0.0 5.034% $0
30 Year Fixed Conforming
4.750% 1.0 4.871% $0
20 Year Fixed Conforming
4.875% 0.0 4.921% $0
20 Year Fixed Conforming
4.500% 1.5 4.724% $0
15 Year Fixed Conforming
4.375% 0.0 4.433% $0
15 Year Fixed Conforming
4.000% 1.5 4.282% $0
30 Year Fixed FHA
4.875% 0.0 4.909% $0
30 Year Fixed FHA
4.625% 2.0 4.834% $0
FHA Adjustable
3.750% 1.5 3.906% $0
30 Year Fixed VA
5.000% 0.0 5.034% $0
30 Year Fixed VA
4.750% 0.75 4.849% $0
10 Year ARM
5.250% 0.0 5.284% $0
7 Year ARM
3.625% 1.5 3.781% $0
5 Year ARM
3.250% 1.5 3.402% $0
3 Year ARM
3.875% 1.25 4.011% $0
30 Year Fixed Jumbo
6.000% 1.0 6.131% $0
3 Year Jumbo ARM
3.625% 1.0 3.739% $0
5 Year Jumbo ARM
4.375% 1.0 4.493% $0
In The News...
Americans filing for Unemployment Insurance was 462,000 in the month of February, a bit lower than the 460,000 expected and down 6,000 from the previous week. The 4-week moving average rose 5,000 to 475,500....
 

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Gorman & Gorman Home Loans
11960 Westline Industrial Drive Suite 110
St. Louis, MO 63146
Phone (800) 917-8997
Fax (314) 787-5258

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Equal Housing Lender
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