Many homeowners use the equity in their home and take out
a Home Equity Line of Credit (HELOC).
A key advantages are: a lower interest rate than most loans or credit
cards; you don't pay interest on your HELOC until you start using
it; and the interest paid - just like your mortgage - may be 100%
tax-deducible.*
Over the years, it's been our experience that one of the biggest
benefits of a HELOC is the hundreds of dollars per month people
can save by paying off credit cards and consolidating debt(s), which
in turn can save thousands of dollars a year.
Some other uses of a Home Equity Line of Credit include:
- Remodeling your kitchen and/or home
- Financing a child's education
- Buying a new car
- Emergency cash
- Taking a vacation
- Paying for college education
*Please consult your tax advisor and IRS publication 936 (Home Mortgage
Interest Deduction) regarding interest deductibility.
Whatever your need, The Honest Mortgage Company will help you maximize
your home equity. Call (858) 405-6117 for professionalism you can
count on!
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