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A Home Equity Line of Credit, better known as a HELOC, is a vehicle to tap into the equity of your home when you need cash for a variety of things, like:
Home repairs.
Auto repairs.
Home remodel.
Debt Consolidation.
Pay for a wedding.
Purchase an automobile.
Pay for a vacation.
Pay bills.
Purchase a home.
Pay for education.
Emergencies.
And more.
Unlike the horrible compound interest of a credit card that is so incredibly difficult to pay down, a HELOC is a simple interest loan, just like your first mortgage, so it pays down faster than a credit card. The monthly payment and interest rate are also significantly lower than a credit card. Finally, you might also have the opportunity to write a portion or all of the HELOC off on your taxes – consult your tax professional to confirm if and how much is possible.
You can use the HELOC, pay it down, and then use it again, just like a credit card.
Order your free quote right now. Simply fill in the short-form, add to cart, and checkout. No hassle. No credit checks. No salesperson. The quote will include APR and Fee Estimates. And if you are ready to apply, please click on the link below.