Equity Lines Of Credit

An equity line of credit is a loan that uses your home or business as collateral. Your home equity is the part of your home that you actually own and this is the guarantee for your loan. Your home equity is calculated by taking the current value of your home and subtracting your mortgage. For example, if your home is worth $150, 000 and you have a $100,000 mortgage, you have $50,000 of equity in your home. A home equity loan allows you to borrow money using your equity of $50,000 as security for the loan.

If you are looking for a Equity Line of Credit  then please call us today at 866.529.6044 or complete the form below: