There are lots of great reasons to borrow money from your house.
The interest that you pay on the loan is usually tax deductible. This can save you thousands of dollars on your taxable income. Other forms of credit, such as credit cards or personal loans, do not have this advantage.
Spreading your home equity loan out over a 30 year period makes your monthly payments much smaller. Chances are you won’t be in your house for 30 years anyway, so a small payment until you sell the house is ideal. It is a lot easier to budget for a smaller payment.
Applying for a 30 year home equity loan is easy. Contact us today to get started and in a matter of days you can be approved.
There are no restrictions on what you do with the money from your home equity loan. If you want to add on a room to the house, pay medical bills or go on vacation, you can access the funds.
With a home equity loan, you can consolidate several accounts into one fixed monthly payment. This will give you the ability to make a single payment each month as well as take advantage of a lower interest rate. You can use the proceeds from the HELOC to pay off anything from credit cards to car loans to back taxes.
Uses for Your Money Include
College, Debt Reduction, Home Remolding, Swimming Pools, and much more…