Look no further if you want a smart alternative to paying for a major purchase.
You’ve imagined making a major purchase for months, but with interest rates as high as 26 percent, it's no wonder that you keep putting it off. Department store credit cards may offer initial "teaser" rates, but you are well aware that in a few months, they will make it up in finance charges and retroactive interest.
Fortunately, there's an alternative, but did you imagine an alternative could also have tax-deductible interest? A home equity loan or line of credit may be the answer you've been looking for. Whereas home equity borrowing provides an opportunity to deduct interest on your taxes, credit cards offer no such tax deductions (consult your tax advisor for more information). Also, rates on home equity loans and lines of credit are usually much lower than other private loans.
With a Home Equity Loan from Allpointe Mortgage, you could make your major purchase dreams a reality.
As a homeowner, you may be eligible for a loan, equal to the amount of equity you have in your home, at an unbelievably low rate. And under most circumstances, you can get preliminary loan approval very quickly.
- Upgrade the appliances in your kitchen or laundry room
- Upgrade the floors, doors, and fixtures that may increase the resale value of your property
- Invest in a home entertainment system, complete with surround sound and a large screen TV
just in time for the game
- Reward yourself by buying a luxury boat for you to enjoy during your retirement
- Improve your quality of life by building a garden or swimming pool in your backyard
These are all excellent reasons for using a home equity loan, as you are making a short-term, low interest,
tax deductible investment. Ready to get started? Begin our Pre-Approval process now or call an Allpointe Mortgage Advisor at 866-255-3535 for a no obligation, free consultation.
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