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Here is how to pull money out of your home without refinancing out of your awesome interest rate!
A Home Equity Line of Credit (or HELOC for short) is a line of credit on your home. It's typically less expensive than the interest rate on your credit card or using a hard money loan. This strategy is great for pulling out money on your home short term, especially when I can turn this into more money! I like to use these to fund the construction costs of flips.
The interest rate is typically based on the prime rate. You can find HELOCs that are interest-only payments. I would start my search with my local credit unions.
Reach out with any questions!
#Bendrealtor #BendRealEstateAgent #BendHomesForSale #HomeForSaleBendOR #RedmondRealtor #RedmondRealEstateAgent #RedmondHomesForSale #SistersRealtor #SistersRealEstateAgent #SunriverRealtor #SunriverRealEstateAgent #LaPineRealtor #LaPineRealEstateAgent #PrinevilleRealtor #PrinevilleRealEstateAgent
A Home Equity Line of Credit (or HELOC for short) is a line of credit on your home. It's typically less expensive than the interest rate on your credit card or using a hard money loan. This strategy is great for pulling out money on your home short term, especially when I can turn this into more money! I like to use these to fund the construction costs of flips.
The interest rate is typically based on the prime rate. You can find HELOCs that are interest-only payments. I would start my search with my local credit unions.
Reach out with any questions!
#Bendrealtor #BendRealEstateAgent #BendHomesForSale #HomeForSaleBendOR #RedmondRealtor #RedmondRealEstateAgent #RedmondHomesForSale #SistersRealtor #SistersRealEstateAgent #SunriverRealtor #SunriverRealEstateAgent #LaPineRealtor #LaPineRealEstateAgent #PrinevilleRealtor #PrinevilleRealEstateAgent
- Категория
- Рефинансирование кредита
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