Home Equity Lines of Credit (HELOC Loans)
Tap Into Your Homes’ Equity for A Major Purchase, Home Improvements, Debt Consolidation, or Something Else
Tapping into your home’s equity is a great way to access cash quickly to pay for renovations, kick start debt consolidation, cover college costs or emergency expenses, & a lot more! Home Equity is the portion of your home that you’ve already paid off, or the difference between what your home’s worth, and what you still owe on your mortgage. For many it’s the most financial leverage they currently have, and as they pay off their home or it increases in value, that financial leverage grows.
HELOCs also provide a great deal of flexibility with the amount you take out. Payments and interest are only calculated on what you have used so you do not pay more interest than you have to.