While a home equity loan or line of credit can be used for just about anything, the top uses in our area are primarily:
- Debt Consolidation
- Home Improvement
- College Costs
- Investment Properties
The reason that this type of loan is so appealing is that you may be eligible for a tax deduction (consult your tax advisor) by using your home as collateral, and the rates are generally lower than other loan types or credit cards. Home equities also offer the option of getting a loan or taking out a line of credit to best fit your needs. Bring your bills and come see us. We’ll be happy to see if a home equity option can save you money. Click the set up an appointment button below to get started.