Cash Out/Home Equity
Take Advantage of Your Home Equity
Home equity is the difference between what you owe and the market value of your home. Your equity grows as you pay principal and as the value of your house increases. A home equity loan (or line of credit) turns your home equity into cash. If you need quick cash for home improvements, debt consolidation, a child’s college education, medical expenses or other expenses, we can guide you through process, and get you the lowest interest rate and lowest monthly payment possible. We’ll work with you to find the best solution.
Choose a Loan with Tax Advantages
The interest (or a portion of the interest) you pay on a home equity loan or line of credit can frequently be used as an income tax deduction. Because everyone’s situation is unique, you should consult with a tax professional prior to choosing a home equity loan for the tax benefits.
Flexibility and Low Interest Rates
In addition to the potential tax savings that come with a home equity loan or line of credit, you can take advantage of low interest rates and flexible programs. Are you paying 18% on a credit card debt? You can significantly reduce that interest payment by rolling your credit card debt into a home equity loan.
Home Equity Loan vs. Home Equity Line of Credit
We’ll help you choose between a Home Equity Loan and a Home Equity Line of Credit. If you have a large debt to pay; for example you want to consolidate all of your credit card debt, a home equity loan may be the best option. If you need cash on an ongoing basis, you should consider the line of credit, which is always there when you need it.
Fast, Hassle-free Home Equity Solutions
Whatever your particular situation, we’ll work with you to meet your refinancing needs. To help you begin, we've created What You Need to Refinance and Cash Out Checklists to let you know what information you'll need. Give us a call at 1.866.733.7305. An expert loan consultant will be there to answer your questions in person from 9 a.m. to 7 p.m. (EST) Monday-Friday.
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