Home Equity Line of Credit
Homeowners may spend more weekends doing yard work and fixing things up compared to renters. But there are a number of major upsides. Including a money line coming straight from the home.
Use your equity to secure a low-rate line of credit to use for most any purpose. As if better rates than credit cards wasn't already good enough, your interest payments are typically tax deductible too.
- Summary
- Low-rate line of credit
- Amount based on equity in home
- Flexible repayment terms
- Interest typically tax deductible*
- Local decision-making
- Use funds for most any purpose:
- Home improvement
- Debt consolidation
- College expenses
- Major purchases
- And much more
*Consult a tax advisor.
