Home Equity Loan vs. Credit Line
Get the details on home equity loan and a credit line. East West Mortgage’s home mortgage lender has the tools and information to well inform their borrowers on each. A great time to consider a home equity loan is when you are in need of some extra cash. In order for homeowners to own or improve their property is determined by what funds they have invested in their property; that is what the equity consists.
Home Equity Loan
• Borrow cash in a lump sum immediately.
• Interest at a fixed rate.
• Each month is the same monthly mortgage payment.
• You get the reward of a low payment option.
• Get the advantage of interest up to 100% tax-deductible.
• Use the money on planned expenses, consolidate your debt, and repair your home.
Credit Line
• Borrow the money as needed as long as it is up to the credit limit.
• Interest at a variable rate.
• Your mortgage payment varies depending on the current market rate.
• The benefit of having lower interest rate.
• Get the advantage of interest up to 100% tax-deductible.
• Use the money to cover life’s unexpected expenses.
Contact Us
East West Mortgage is your number one choice if you decide to get either a home equity loan or credit line, we offer superior rates and great benefits, and it is an offer you can not refuse! Call 1-800-880-4202 to speak with a mortgage professional or if you prefer speaking to us face to face, you may stop by our office.
