HOME EQUITY LINE OF CREDIT
Equity Loan
A HELOC does not replace a mortgage but usually is a 2nd mortgage on a property with a low-interest rate or it allows a buyer to go to a higher loan to value than a standard cash-out refinance.
USE YOUR EQUITY TO...
Finance Home Improvements
By using your equity to finance home improvement projects you can save money by avoiding high-interest credit card and personal loan debts.
Unsecured debts come at a higher cost than secured debts. Borrowing money from your equity is typically the most cost practical approach. Making improvements to your property can add value to your home.
USE YOUR EQUITY TO...
Buy an Investment Property
Many savvy investors use their equity toward a down payment on an investment property.
This often allows investors to make a larger down payment, which could qualify them for lower interest rates and reduce the monthly payment.
In a competitive property market, this could also make your offer more attractive to sellers.
USE YOUR EQUITY TO...
Consolidate Debt
- Simplify your finances by consolidating multiple debts into one single monthly payment.
- Savings! By paying off those high-interest credit cards and personal loans, you can reduce your monthly outgoings and put money back into your pocket every month!
- Give your credit score a boost. Clients who have high credit card balances find that paying off or paying down those balances CAN boost their credit score. We can help determine how you can pull your equity. Are you ready to make your investment work for you?
