You want freedom? You
want to make dreams come real? Or maybe you've encountered an emergency that
needs cash? A home equity line of credit is a great way to get that cash
Look, if you've owned
a home for the past several years, it's likely appreciated in value (six
percent a year on average; in some areas a lot more). A home equity line of
credit allows you to turn that appreciation into cash. Use it to remodel
your home, consolidate high-interest debt, purchase the car of your dreams,
pay for tuition. The appreciation is yours; and so is the cash. Use it to
simplify, enhance, or change your life.
of credit. Use it when you want, for what you want. Credit lines range
from $10,000 to $500,000. But you only pay interest on the amount you draw
from the pool of available funds.
mortgage. Tap into the maximum available credit right up front. Then
spread the low payments over many years.
good credit, you can borrow up to 25 percent above and beyond the home's
purchase price. If it's a new home, that extra will come in handy for
landscaping, upgrades and appliances. If it's an existing home, you can
add to or upgrade the place just the way you like it.