Benefits of having a HELOC
Advancements in the financing industry have made home equity line of credit an easy to use product to access the equity in your home.
INTEREST ONLY PAYMENTS
Allowing you to have access to the equity of the home while keeping the minimum payments equaling to interest only. This results in having monthly cash flow minimally affected.
COMPETETIVE RATES
Home equity lines of credit are considered to offer the lowest interest rates after mortgage rates. Secured by your home, this is a great product to access home equity.
FLEXIBLE REPAYMENT OPTIONS
Depending on the product choice, there are no to minimum prepayment restrictions allowing for a lot of flexibility in future use of a HELOC.
ACTS AS A SAFETY NET FOR A RAINY DAY
Set up your home equity line of credit once and have access to it for years to come. Many clients set up their HELOC as a a safety net for a rainy day.