Can I make extra payments to pay off my HELOC early?
You can make additional principal payments online, in person, or by mail to pay off your HELOC ahead of schedule. Please note that if you make an additional principal payment, the funds will not be available for drawing for 10 days.
How do I handle additional principal payments on my HELOC?
Yes, you can make additional principal payments to pay down your HELOC ahead of schedule. This can be done online, by phone, or by mail. If you mail a check, please specify how you want the additional funds applied to your account – for example, write “additional principal” and your account number on the check.
What happens if my HELOC balance is at zero?
You can choose to leave it open until your draw period expires, or you can choose to close your HELOC.
How can I close my HELOC?
To permanently close your account, follow these steps:
- Request a payoff quote through our website or app, by phone or by email.
- Pay off the entire balance.
- Sign and return an authorization form to close your account.
How do I request a payoff quote for my HELOC?
You can request a payoff quote in the following ways:
- Online: Log into our website or app, go to My Loan, and find the Generate a payoff quote section.
- Email us: loaninfo@myloanservicer.com
- By phone: Call at 855-610-3008.
What is a lien-release fee, and why do I need to pay it?
A lien-release fee may be charged by your county clerk's office to process the release of the lien on your property. If applicable, this fee is required to close your HELOC account.
