Home Equity Loan
A home equity loan is a revolving line of credit secured by a home. Once you have a credit limit established you could borrow up to that limit any time, pay it back, and borrow again for any reason.
- Interest rates are usually lower than most credit cards
- Ability to borrow, pay down, and borrow again without having to receive prior approval
- Monthly billings
- Offers significant financial flexibility
- Consult a tax advisor regarding the deductibility of interest
Second Mortgage
Are you looking to consolidate debt, purchase a vehicle or do home improvements? Consider a second mortgage! A second mortgage is an amortizing loan secured by a home.
- Consult a tax advisor regarding the deductibility of interest
- Choose from fully amortizing loans or balloon loans for more payment flexibility
- Set monthly payment for the duration of your loan
- Offers significant financial flexibility