Have You Considered A Home Equity Line Of Credit?

Do you want cash for home improvements, to start a business, pay for medical expenses, or build emergency funds? Tap into your home’s equity with a Home Equity Line of Credit (HELOC) without raising the interest rate on your current mortgage. Benefits of a HELOC include: 

Improved cash flow and reserves:

Using a HELOC to pay off high-interest revolving debts can put you in a better cash flow position.

Build an emergency fund:

Access to funds just in case of emergencies or for unforeseen circumstances.

 

Flexibility:

Give yourself a line of credit where you can draw what you need as you need it. You will only pay interest on the amount you draw on.

Spend Wisely:

Even before you consider the math, take a close look at how you plan to spend the money from a HELOC. If you're going to make payments for 15 or 30 years, it may make sense to spend the money on something enduring (like an addition to the house that will increase its value or to start a business).

 

Keep your current low interest rate on your first lien and tap into your home’s equity with a line of credit.

 

Check with your tax advisor regarding tax deductibility.

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* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.