The potential tax benefits alone may make a home equity loan or HELOC worth considering. Most states allow you to deduct your interest if the home equity loan is used for home improvements, debt consolidation, education or other expenses. Your tax advisor can tell you more. |
Remembering to pay several different credit card bills each month can be time-consuming, expensive and confusing. A home equity loan can simplify your life by covering your expenses with just one monthly payment. By paying off your credit cards and other high-interest debts, you may be able to save a significant amount on interest charges and late fees. Not only will you feel more organized, you may benefit from tax savings, too. Please consult your tax advisor for more details. |
When you own your own home, you're in a better position to save on monthly interest rates. If you're considering remodeling or adding to your home, thinking about buying a new vehicle, or going back to school for a graduate degree, a home equity loan can help you. You'll receive the full loan amount in one lump sum, followed by a long repayment term. |
Your home equity line of credit can be accessed easily whenever you need it. Any time you need extra cash, just write a check. You can use your home equity line of credit for virtually anything you want. Your interest and monthly payment are calculated only on the outstanding amount that you owe. And like a credit card, once you pay off some of the balance, that money is available for you to use again up to your credit limit. |
