Texas Home Lending News

Why Choose a Home Equity Line of Credit

September 28th, 2021 2:53 PM by Shawn Smith NMLS#863501

A home equity line of credit, (AKA HELOC), is a line of credit secured by your home that gives you a revolving credit line

Some HELOC uses:

Building a deck

Consolidate debt,

Tuition payments

Business owner reserves

Remodel

Pool

1. Never pay HELOC payments until you draw down on your money

2Interest-only

3 No interest accrued on what you don’t use.

4 Loan principal is tax-deductible for most borrowers

5 Use the funds as you wish.

6 Much lower rates than credit cards or personal loans

7 Closing costs are low or nonexistent

Contact me today to discuss your options

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

Posted in:REFINANCEPosted in:helocPosted in:cash out refinance and tagged: REFINANCE cash out refinance heloc

Posted by Shawn Smith NMLS#863501 on September 28th, 2021 2:53 PM

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Texas Home Lending News

Why Choose a Home Equity Line of Credit

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