Home ownership. Feels good, right? Especially after making mortgage payments and being on the path to building equity. You finally get to feel the value of your investment.
And, as things come up – whether it’s something out of your control like an emergency home repair, medical expense, or something you’re planning for like a home renovation, education costs or debt consolidation, one of the best ways to manage those expenses is with a Home Equity Line of Credit (HELOC).
A line of credit allows you the ability to draw money whenever you need for a period of time. You only pay interest on the amount you borrow.
Go ahead, renovate that kitchen. Add a second bathroom. Turn your extra garage space into a home office. Whatever you’re looking to do, we’ve got a path for that, too.
Choose a Home Equity Loan for home repairs and much more. This option gives you a lump sum to use, which is paid back in installments over a certain amount of time.
Choose a HELOC as a flexible source to finance home repairs and upgrades. A line of credit allows you the ability to draw money whenever you need for a period of time. You only pay interest on the amount you borrow.
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