HOME EQUITY LINES OF CREDIT

Similar to the Home Equity Loan, a revolving home equity line of credit can increase your purchasing power. This financing option provides the ability to leverage your home's equity to borrow, repay and re-borrow the funds on an extended basis. This also provides the ability to quickly meet needs as they arise and plan for the future. The revolving line is repaid with monthly payments of interest-only on the outstanding principal balance, with the outstanding principal balance due on or before maturity. In many instances you may enjoy an income tax deduction as well (your tax advisor should always be consulted).

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