Home Equity Line of Credit
AAXA has partnered with some of the Nation’s premier mortgage lenders to offer
a variety of home equity line of credit products and
fixed rate second mortgage programs. A home equity
line of credit, often referred to as a HELOC, can
offer numerous benefits to homeowners. One of the
biggest advantages of these loans is that you are
typically only required to pay interest on the existing
balance that you owe. Thus, if you have a $30,000
equity line of credit but only have drawn $5,000 from
the line, your monthly payment is based on the $5,000
balance. These mortgages often function in the same
manner as credit cards, except that your home is the
collateral for the loan. You can count on us to provide
you with some of the very best home equity rates on
the market.
Give us a call today at 877-RATE-LOW (877-728-3569)
for a mortgage
rate quote and consultation.
Be sure to ask your loan advisor which index your
home equity loan is based upon. The majority of these
products are based upon the Wall Street Journal Prime
Rate. Adjustable home improvement loans do carry some
interest rate risk because they can fluctuate with
market conditions. Your AAXA loan advisor will be
able to walk you through the Pros and Cons of these
programs to help you make an educated decision. Closely
related to the HELOC is a fixed rate second mortgage.
With a fixed rate second mortgage , you trade some
of the flexibility of a HELOC for the security of
a fixed rate.
Why consider a Home Equity Line of Credit (HELOC)
- Use as a tool to consolidate debt
- Potential tax benefits as a home improvement loan*
- Automobile purchases
- Help pay for education expenses
- Potential security from unexpected costs – have
immediate access to cash for any reason
- Pay off an existing equity line of credit or fixed
second mortgage
- Buy a second home or investment property
- Interest only options allow for low monthly payments
- Interest is often tax deductible on HELOCs*
- Both stand-alone and piggyback (combo) loans available
Great Home Equity Loan Rates for your next Home
Improvement Loan
Call AAXA today toll free at 877-RATE-LOW (877-728-3569)
to discuss the latest home equity loan rate options
and to see how a home equity line of credit might meet
your needs. We appreciate your business and look forward
to assisting you with all of you home improvement loan
needs.
* Consult your tax advisor
