Home Equity

Home Equity is another term used for Refinance. You could be sitting on a gold-mine. As you pay off a mortgage, the market value of a home is accrued over time.

When we talk about equity, we mean the amount of ownership built in a home. This comes from the value of a home minus the total of the mortgage. You can draw out money from your home in various forms to pay off bills, conduct renovations or even go on a vacation. One such solution is a home equity loan.

HELOC

Homeowners can also take out a line of credit commonly referred to as a HELOC, a ‘Home Equity Line of Credit’. This gives you a flexibility to have at least 20% equity in your home at low rate. This provides you with great flexibility and access to funds as you need them at a competitive interest rate. These funds could help you at any financial emergency, renovations, short term funds requirement or down payments.

Our Professionals would discuss/understand your current financial situation and advice you if this is the right solution for you.