Your Home's Equity Could Be the Answer

Real Estate Agent with Keller Williams Real Estate

Need some money? Want lower interest rates? Then a home equity line of credit or HELOC may be the answer for you. It is a mortgage loan that homeowners can use as-needed. Any lender like a bank will review and approve it for a specific amount based on the amount of equity you have available on your home. You will need to complete some paperwork to get the loan authorized.

This line of credit will be available to you and you will pay no interest until you start spending funds. When you pay back the amount spent, the full original amount of the HELOC becomes available again. CONTINUE READING--->

Posted by

Thierry Roche

Host of Talk Radio’s ‘Inside Real Estate’

Keller Williams Real Estate



Comments (5)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information....thanks for sharing and enjoy your weekend too!

Sep 16, 2017 06:20 AM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

When taking out equity, use it wisely.  Many spend it on luxery items and then when issues come up they have no options

Sep 16, 2017 06:32 AM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

This is a good option but owners should be careful to not over-extend themselves and cash out all the equity.

Sep 16, 2017 07:05 AM
Raymond Denton
Homesmart / Evergreen Realty - Irvine, CA
Irvine Realtor®

Make sure you know how long you have access to the Credit Line ... my Credit Line allowed me to access equity for 10 years, and had to be paid off during the following 20 years.

Sep 16, 2017 07:54 AM