CALL: (617) 201-9864
A home equity line of credit is a type of loan that allows homeowners to borrow money against the equity they have in their home and receive that money as a line of credit. Homeowners generally use an equity line for home renovations, debt consolidation, buy a 2nd property, fund a college, pay school loans, and more...
An equity line, also known as a home equity line of credit (HELOC), is a type of loan in which a borrower can access the equity they have built in their property, using their home as collateral.
An equity line of credit (HELOC) is a better option to consolidate debt because it has a lower interest rate compared to other forms of debt such as credit cards.
Check out how to calculate the loan-to-value (LTV) ratio for a home equity line and find out how much credit can you get.
If you have enough equity in your current home, you can use the money from a home equity loan to make a down payment on another home—or even buy another home outright without a mortgage.
Branch Manager | NMLS# 1435896
980 N Federal Hwy, #110,
Boca Raton, FL 33432
Century 21 North East
To Ask a Question or To Schedule a Showing
Copyright © 2020 Danielafonsore - All Rights Reserved.
Powered by GoDaddy Website Builder