Thinking of a Home Equity Line of Credit?
Here are the many benefits of a HELOC:
- You can borrow up to approximately 80% of your home’s value, less your outstanding mortgage
- Very flexible, like a credit card, you only pay interest on the amount you use
- You can pay off and consolidate your higher interest rate debt
- Low fees (approximately $500) compared to a traditional mortgage
- Can help defer the cost of large purchases or a home remodel
- The interest may be tax deductible
- Perfect for emergencies
We’d love to recommend a few HELOC lenders if you’re interested! Reach out today!