Your home is probably the best investment and single largest financial asset you have. It can also be a powerful financial tool when you use the value of your home to borrow by getting a home equity line of credit.
What are you borrowing for?.
Purchasing a Investment property or second property
- Major home renovations
- Consolidating higher-interest Credit Cards
- Financing the purchase of a vehicle
- Education costs
- Other large purchases or unexpected expenses.
Did You Know?
With a Home Equity Line, you can access up to 80 of the value of your home. Plus you only have to make interest only payments which are generally based on prime + .5 to 1, you just have to apply once and you can access your available credit any time you need the money. Moreover you will only pay interest on the amount used.