“Greetings Joe, Hope you are doing well.
You did our mortgage 4 years ago and got us a fantastic rate, which we don’t want to give up. We want to do some home improvements and pay off one credit card. Was wondering, can you do a home equity line of credit for us? If you can, we were thinking around $75,000.
Please let us know. I could also use a referral for a roofer, landscaper and electrician.
All the best!”
Yes, of course we can do a home equity line of credit for them.
Their current mortgage is at 2.99 percent, they have paid down four years, and have 11 years left on their mortgage. Especially with the rise in home values over the past few years, a home equity line of credit is certainly the best bet for them.
If a home equity line of credit might be of interest to you, let me know.