Compare home equity loan types

Home Equity Borrowing With Allpointe Mortgage

Home Equity
Introduction

What is Home
Equity borrowing?

Why Use
Home Equity?

Should I Use
Home Equity?

Using
Home Equity

Who Can
Help Me?

Equity Loan Types | Compare Loan Types

Compare Home Equity Loans & Lines of Credit

Prefer the financial flexibility of writing a check whenever you need it? Consider a home equity line of credit (HELOC), which allows you to borrow money whenever you need it, up to a predetermined limit.

HELOCs include a draw period and a repayment period. During a five- or ten-year draw period, you can access your line as many times as you would like to up to your limit.
Funds are made available for you to use again as you pay off any part of the outstanding balance.

Home Equity Loan	HELOC
Once you get the money in a lump sum, you cannot borrow any further from the loan.	Access credit line by using checks as many times as you like during the draw period, up to your credit limit.
Monthly payment is based on the total amount of the loan.	Monthly payment is based only on the amount used.
Cannot re-use funds as they’re paid off.	Funds can be re-used as they’re paid off, up to the credit limit
Interest may be tax deductible.	Interest may be tax deductible.

Still not sure whether home equity borrowing is best for you?

Call an Allpointe Mortgage Advisor today at 866-255-3535.

Get Pre-Qualified

Get a FREE
No-obligation Loan
Pre-Approval by completing your Name, Phone & Email so that we may contact you.

*Fields Required

† The code helps prevent SPAM. Please input in the verify box.

Call 866-255-3535 or email

Information contained within this Web site is for educational purposes only and should not be used to make a financial or legal decision.
Please read our Legal & Privacy Notice carefully.