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Home Equity Lines of Credit
What
A home equity line of credit is and account that uses your home as the collateral for
you to write draw cash against. How much you can get and what your interest rate
will be depends on your job history, credit and the amount of money you owe against your
house vs. the amount it is worth (known as the Loan to Value, LTV, to us eggheads.)
Why
- A home equity line of credit is a way for you to get cash fast.
- Your interest rate is almost always lower that any other type of credit you can get
elsewhere.
- The interest is usually tax deductible.
- It can give you access to a large amount cash for purchase such as a car or truck
- Pay off higher interest rate loans.
Keep in mind that even though home equity lines are a GREAT deal, the interest rates
are almost always variable. If you wish to establish a fixed rate, try a second mortgage program.
Some Options
 | Does a home equity line of credit with no fee's, points or closing cost sound right for
you? We can set you up with this line of credit and it will be at prime for life!
We'll even pay for the appraisal for this loan! No out of pocket expense,
nothing, nil, no cash! Apply
for this now! |
| New in you house with no equity? No problem, we can still get a you a line
of credit to use whenever you want, and you don't have to have equity! O.A.C.
Apply for this
now! |
| Even people with credit problems can qualify for home equity lines of credit, remember,
we don't charge you for checking out your options! |
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