Uses Of Your Home Equity
understanding how to your equity for life-events
The home equity is a powerful instrument to financing important life-events. But be careful. The ease of home equity lines in particular can get you into further debt if you don't budget and control it's use.
Below are six (6) quick summary uses of your home equity
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home equity uses
For Home Improvement
You can use your home equity for renovating or improving your home:
Recommended Type: Home Equity Line of Credit
Draw Period: request a 10-15 draw period
Request: no minimum draw or use of line fees
The home equity credit line is great tool to finance home remodeling and improvement. You simply advance yourself funds whenever you need to pay contractors, supplies, or make an improvement purchase.
With your equity line, you can:
- expand your kitchen
- upgrade your bathroom
- landscape your yard
- build a room in your attic
- extend your storage area
- put in a swimming pool
- redecorate the family room
And while you're at it:
- consolidate your bills
- send your child to college
- make a trip abroad
- you decide: ____________________
HOME REMODELING CENTER
complete guide and ideas for home remodeling and home improvement:
link over to our remodeling center
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- how-to topics
- shopping
- ideas
- and more
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Why The Equity Line
Your Home Equity Line of Credit is the right choice for your home improvement needs. It comes with the tools to manage your project with the least cost and maximum return. Simply advance yourself funds you need ... as you need ... when you need to pay contractors, suppliers, and other related services.
Note that you will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. Consult your tax advisor to see if you qualify.
If after you finish your project and you want to convert to a fixed-rate option, you simply ask your lender to convert the line over to a fixed-rate loan with a fixed repayment plan.
You can choose to keep the equity line open and budget to pay down the borrowed amount. We advise you to look at the Banker Line of Credit option. It's like becoming your own banker.
For more detail information and illustrations
(note: links to our companion site
www.YourEquity.com)
home equity uses
For Debt Consolidation
You can use your home equity for consolidating outstanding debts into one, low repayment plan:
Recommended Type: Home Equity Loan
Draw Period: request a 10-15 repayment plan
Request: no pre-payment penalities
Are your bills piling up? Are you paying too much interest on revolving credit card accounts? Or are you having problems managing all of your outstanding debts?
You may want to consolidate. Use the equity in your home to combine all of your existing accounts into one single payment that is manageable and affordable. You can consolidate:
- credit cards
- department store accounts
- installment loans
- student loans
- auto loans
- recreational vehicle loans
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link over to our debt management module
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- reduce credit card debt
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- and more
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Why The Equity Loan
The Home Equity Loan is the right choice for paying down debts. You simply ask your lender to use the equity in your home (based on your LTV calculation) to pay off debt and consolidate them into your equity loan. The total payoff is the amount of our equity loan. You may also ask for additional cash if your LTV position warrants.
Note that you will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. Consult your tax advisor to see if you qualify.
For more detail information and illustrations
(note: links to our companion site
www.YourEquity.com)
home equity uses
For Education
You can use your home equity for paying college and higher education expenses:
Recommended Type: Home Equity Line of Credit
Draw Period: request a 10-15 draw period
Request: no minimum draw or use of line fees
They grow up fast. Only yesterday, it seems, they were learning to read. Now they will be packing the car for college. It's an exciting time for them. But for you, it's all about cost?
- tuition and fees
- books and supplies
- monthly housing and food
- recreational passes
- transportation
- trip home for the holidays
We have a solution. Use the equity in your home to pay college expenses as they occur. And while you're at it:
- fix up the room that is now empty
- consolidate some bills
- finance the car your child will use
- you decide: ____________________
COLLEGE CAMPUS CENTER
complete guide and ideas for college planning and prep:
link over to our college campus center
- college planning guides
- financial aid options n' charts
- college search
- campus news
- and more
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college planning guides |
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college financial aid options |
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campus news |
Why The Equity Line
Your Home Equity Line of Credit is the right choice for financing college. Each semester is tuition, housing, books and occasional call late one night ... send more money. Simply advance the funds they need ... as they need ... when they need to pay needed expenses to go to college.
You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. Consult your tax advisor to see if you qualify.
If after they finish college and you want to convert to a fixed-rate option, you simply ask your lender to convert the line over to a fixed-rate loan with a fixed repayment plan.
You can choose to keep the equity line open and budget to pay down the borrowed amount. We advise you to look at the Banker Line of Credit option. It's like becoming your own banker.
For more detail information and illustrations
(note: links to our companion site
www.YourEquity.com)
home equity uses
For Auto Purchasing
Use a home equity loan for auto, truck or recreational vehicle purchasing:
Recommended Type: Home Equity Loan
Draw Period: request a 10-15 repayment plan
Request: no pre-payment penalities
You've been dreaming of the new car or truck for a long time. Or maybe its time to get you a recreational vehicle to tour the country. A home equity loan can make it happen. You can expect 5 (five) great benefits:
- super low rate
- choice of terms
- power shopping
- power to negotiate
- potential tax savings
AUTO SURFER CENTER
complete directory of guide for purchasing your new auto:
link over to our auto buying center
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- directory of how-to topics
- and more
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Why The Equity Loan
The Home Equity Loan is a smart way to finance your new car or truck. Your home equity gives you the power of "cash-in-hand" to negotiate best deal. Plus, you can select the term depending on your budget needs.
You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. Consult your tax advisor to see if you qualify.
For more detail information and illustrations
(note: links to our companion site
www.YourEquity.com)
home equity uses
For Starting a Business
You can use your home equity for startup capital and business financing:
Recommended Type: Home Equity Line of Credit
Draw Period: request a 10-15 draw period
Request: no minimum draw or use of line fees
You know you have the talent ... plus the experience and know-how to start your own business. But you need some capital. Why not look at the equity in your home equity as a place to start? You can use your Home Equity Line of Credit as a "Business Starter".
Use it as working captial to:
- finance your ideas
- acquire technology
- pay for vendor services
- maintain a positive cash flow
- purchase important equipment
- launch a business marketing plan
- redecorate the family room
And while you're at it:
- renovate your home office
- consolidate some bills
- pay for business travel
- you decide: ____________________
BUSINESS MANAGEMENT CENTER
our business brokerage / business advisory center:
link over to our Novars Group
- business listings
- business management guides
- business services and advisory
- business topics
- and more
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Why The Equity Line
Now wouldn't this be a smart way to get your business off the ground. You control the funds ... as you need ... when you need ... without the hassle of convincing the bank or others to extend unds.
And once your business get going, use your positive cash flow to pay down the account. Just keep your equity line open as an emergency account or when you need capital for business expansion.
The interest you pay on the borrowed amount may be deducted from your taxes if you qualify. Consult your tax advisor to see if you qualify. Also discuss with you CPA about business taxes and how your equity can be classified as a business expense.
Take a look how the Banker Line of Credit can be used. It's like becoming your own banker.
For more detail information and illustrations
(note: links to our companion site
www.YourEquity.com)
home equity uses
For Becoming a Bank
You can use your home equity as your personal bank ... in other words, you become the banker:
Recommended Type: Home Equity Line of Credit
Draw Period: request a 10-15 draw period
Request: no minimum draw or use of line fees
Get the cash you need ... as you need! Your home equity line of credit becomes the bank as you finance as you pay living expenses and deposit income in your account. Pay expenses such as:
- housing
- food and supplies
- medical expenses
- recreational travel
- repair a leaky roof
- pay for a wedding
You will then deposit (or pay) into the account:
- your salary or wage check
- income items
- tax refunds
- other misc. cash
COLLEGE CAMPUS CENTER
complete guide and ideas for college planning and prep:
link over to our college campus center
- college planning guides
- financial aid options n' charts
- college search
- campus news
- and more
![]() |
college planning guides |
![]() |
college financial aid options |
![]() |
campus news |
Why The Equity Line
Your Home Equity Line of Credit is the right choice for financing college. Each semester is tuition, housing, books and occasional call late one night ... send more money. Simply advance the funds they need ... as they need ... when they need to pay needed expenses to go to college.
You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. Consult your tax advisor to see if you qualify.
If after they finish college and you want to convert to a fixed-rate option, you simply ask your lender to convert the line over to a fixed-rate loan with a fixed repayment plan.
You can choose to keep the equity line open and budget to pay down the borrowed amount. We advise you to look at the Banker Line of Credit option. It's like becoming your own banker.
For more detail information and illustrations
(note: links to our companion site
www.YourEquity.com)
Helpful Tools
Some helpful tools for making decisions:
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