To get a home equity line of credit (HELOC), you need to:

1. Check your home equity balance.
2. Compare rates, fees and repayment terms on lender’s Loan Estimate.
3. Apply with the lender of your choice.
4. Complete your application and provide financial documents.
5. Wait for approval, including underwriting and appraisal.
6. Close on the loan and pay any upfront fees.
7. Receive access to your line of credit.

HELOCs can range from approximately $10,000 up to $1 million. The draw periods often last five to 10 years and repayment periods often last from 10 to 20 years.