Texas Home Lending News

SOMETIMES HOME EQUITY LINES OF CREDIT (HELOC'S) ARE THE WAY TO GO

October 1st, 2021 4:12 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.

Common HELOC uses:

Building a deck

Consolidate debt

Tuition payments

Business owner reserves

Remodel

Pool

Some BENEFITS you should consider when using a HELOC

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

2 Interest-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

NMLS # 1134044

Posted in:REAL ESTATE MORTGAGEPosted in:MORTGAGE INTERESTPosted in:mortgage loansPosted in:MORTGAGEPosted in:heloc and tagged: REAL ESTATE MORTGAGE credit cards MORTGAGE REFINANCE REFINANCE mortgage rates heloc low closing cost

Posted by Shawn Smith NMLS#863501 on October 1st, 2021 4:12 PM

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Texas Home Lending News

SOMETIMES HOME EQUITY LINES OF CREDIT (HELOC'S) ARE THE WAY TO GO

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