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Sample Equity Rates
Current Prime Rate: 5.00%
Rate Range: see notes LTV Type
PRIME RATE+
(-0.50 to 0.25%)
80% LINE
PRIME RATE+
(0.25 to 1.50%)
90% LINE
PRIME RATE+
(0.00 to 2.50%)
80% LOAN
PRIME RATE+
(2.50 to 3.75%)
90% LOAN
Guide: How to Negotiate Rates
Shop Lenders: Comparison Sheet
Calculate Numbers: Equity Calculators
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Before You Exit Site
using your home equity for - COLLEGE EDUCATION

current location: home equity center ... product uses ... college educator
Summary Information  (note)
Type:

Use a Home Equity Line of Credit
with a 5-year draw period — have the line available to pay tuition, monthly expenses, and other as needed
see Account Management Suggestions below

Use:

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 lab fees
·  monthly housing and food
·  recreation
·  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: ________________

Why:

Using your home equity as a "College Educator" lets you finance college and living expenses as they occur.

Instead of borrowing the full amount for college, simply use your "home equity line of credit" to advance the funds you need.

You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. You won't find similar benefits with other college funding products. Consult your tax advisor to see if you qualify — we have an effective interest table that illustrates your potential savings.

You can use the line whenever you need. It's like becoming your own banker. Simply advance money to pay for college expenses ... when you need ... as you need.

Pros:

 

Home Equity Line Benefits
 
·   open a line of credit up to your approved LTV level — calculate how much you can borrow
     
  ·   access your account as you need . . . when you need
     
  ·   pay minimum monthly payments or any additional amount when you have extra cash
     
  · pay down the account to zero with no prepayment charges and resuse the line over again up to your approved available balance
     
  · deduct interest charges from your taxes if you qualify — view your effective tax rate savings
   
  · get competitive adjustable rates as low as the PRIME RATE — see our rate page for information
     
  · benefits may vary by lending institution: view our summary notes of product features and terms
     
Apply Now: no obligation, no registration
    or dial 1-877-777-1370
Tip:

How to Manage Student Spending

Help your student budget spending to avoid excessive debt before graduating from college — see how pre-paid cards can manage student spending

Tip:

Use Your Home Equity as a Bank

Become a true banker by using the equity value of your home as capital to finance college and fund other big-ticket events.

By using your home equity as a money account, you can finance items with minimal cost — see our presentation on becoming a banker


How You Might Use Your "College Educator"

click here to print the home equity comparison sheet to help shop lenders


  1. Start with an approved home equity line of credit
    account from a lending institution (we can help find your lender)

  2. Access and transfer an advance
    from your equity line account to your child's personal pre-paid credit card (budget controlled by the amount you load to the card):

    see an example how the pre-paid card can be used

  3. Have your student use the pre-paid card
    to pay for school expenses such as:

    ·   tuition
    ·   books and supplies
    ·   class fees
    ·   travel and transportation
    ·   living and all other expenses

  4. Your student can use the card to:

    ·   withdrawal funds from any ATM machine
    ·   make retail purchases at any merchant that accepts Visa® or MasterCard ®
    · transact online purchases with fraud protection
       
    · the amount on the card is limited by the amount loaded to the card
    ·  daily transactions and monthly statements are available online so that you can monitor your student's financial activity

    apply now for your personal pre-paid card (approval guaranteed)

  5. When your student graduates
    you can simply close the credit line account and convert any existing borrowed amount over to a fixed-rate home equity loan at a specified repayment term or turn it over to a banker credit line to payoff the education expense and manage your money.


Access benefits:

  1. Your student will not be restricted by the number of times they can access your money since one advance can be loaded to the card with unlimited access privileges.

  2. You can budget the amount the student uses and monitor your student's financial activity to ensure fiscal responsibility and need

  3. Your student can avoid going into debt by refusing credit card solicitation offers made to students by credit card companies.

  4. Your student can use the pre-paid card at participating merchants without exposing your equity line account to potential fraud and mishandling.

Hey!, it looks like you have become the smart banker.

Apply now and let's search for the right lender
or dial toll-free: 1-877-777-1370

Note: The recommended product, term and use are listed as illustrative purposes on how you might use the equity in your home. Please note that your circumstances may be different and that the recommended product, term and use may not fit your particular need.

YourEquity.com is not a lender. Therefore, we cannot quote rates or guarantee best terms. We refer applicants interested in getting a lending quote to Secure Rights, a licensed mortgage broker representing multiple home equity lenders.

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