09/19/2022
Struggling to pay for home repairs or improvements? Tapping into your home’s equity could be the solution!
Before you pull out your credit card, consider some of these lower-interest options:
Home equity line of credit (or HELOC): Borrow as needed up to a predetermined limit. However, the interest rate is often variable, so it could increase over time.
Second mortgage (aka home equity loan): Take out a lump sum, typically at a fixed interest rate with set monthly payments.
Reverse mortgage (for seniors): Supplement your retirement income by drawing down the equity in your home.
Want to know how much equity you have? Reach out today for a free home value assessment!
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