Home Equity Lines of Credit
Home Equity Lines of Credit-How do they work and are they a product that works for your situation. Perhaps you are looking to invest in more property, have great equity in your home that you can use for the down payment. This product could work perfectly for you. House prices are low so perfect time to buy.
Home Equity Lines of Credit are secured against your property and will show up on your title as a mortgage type charge. They are reusable, you pay on what you owe and in most cases can pay only the interest amount each month or you can pay out the entire amount. Note as they are reusable they will stay on your title and can be sued for the portion you have paid down at anytime. they only come off your title when you request with the lender. Great product for those you want to invest in revenue property, second homes for their family, investments or any purchase you choose.
Call Brenda at 403-347-0774