SayLending.com Financial Network
Home Equity Loan Center Home Equity Loan Application Quick Home Equity Loan Reviews Home Equity Product Informaton Home Equity Rates Home Equity Calculators Home Equity Loan Tools

Search subscribe
 
  use for Home Remodeling
  use for Debt Consolidation
  use for Auto Buying
  use for College Education
  use for Paying Off Mortgage
  other Home Equity Uses
 About Your Credit Report
 What's Your Home Market Value
 What's Required to Qualify
Home Remodeling Guide
Debt Management Guide
Other Helpful Guides
Start Your 1-2 Step
Home Equity Application

 
Sample Home 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
join this consumer loan tips forum
Before You Exit Site
using your home equity for - HOME REMODELING

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

Use a Home Equity Line of Credit
with a 5-10 year draw period — use the line to pay contractors and home remodeling supplies
see Account Management Suggestions below

Use:

For Renovating or Improving Your Home
your home equity credit line is great tool to finance home remodeling. You simply advance yourself funds whenever you need to fund contractors, supplies, or make an home 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: _______________

Why:

Your Home Equity Line of Credit is the right choice for your home renovation and improvement needs.

It comes with the tools to manage your project with the least cost and maximum return. Let's see how much. Simply advance yourself funds by writing a check.

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 — we have an effective interest table that illustrates your potential savings.

You can use your home equity line whenever you need.

It's like becoming your own banker. Simply advance the funds you need ... 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 reuse 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 Home Remodeling Costs

You can budget and manage home improvement spending by using pre-paid credit cards — see example how pre-paid cards can work for home remodeling and home improvement

Tip:

Use Your Home Equity as a Bank

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

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


Account Management Suggestions

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


Suggestions on how to access your home equity line of credit for maximum benefit:

  1. Start with an approved home equity line
    account from a lending institution.

  2. Transfer an advance from your equity line account
    to your pre-paid credit card dedicated exclusively for home remodeling (best use for budget control and fraud protection)

    see how the pre-paid card can be used for remodeling

  3. Use your pre-paid card to:

    ·   pay contractors
    ·   buy supplies
    ·   place an advance on your renovation project
    · pick up that new bedroom suite
    · use it like a money account for any other emergency; i.e., school education, debt consolidation, etc.
     
    · your pre-paid card is accepted at any merchant that accepts credit cards
    · you can fund your pre-paid card with your equity line account or any other deposit
    · use your pre-paid card to budget your home remodeling cash expenses
    · protect yourself from accumulating too much debt


  4. Use your line of credit whenever you need funds
    your line of credit remains open whenever you need to advance yourself funds. When you are finished with you home remodeling project, you can simply convert the credit line over to a fixed rate loan or to a banker credit line to payoff the remodeling project over a period of time.

Now What are the Benefits:

  1. You will not be restricted by the number of times
    that you can access your equity line account since one advance will be placed on your pre-paid card with unlimited credit card privileges.

  2. By using pre-paid, you can pay as little as $1.
    This gets around some equity line restrictions that require minimum draw amounts.

  3. You can use the pre-paid card
    at participating merchants without exposing your equity line account to potential fraud and misuse.

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.

Home Buying Site Map

privacy statement | site usage terms | contact us | email page | site map

Copyright 2003-06
Home Equity Guide

part of the SayLending.com financial network
all rights reserved

operated by: nBuy Associates

BBBOnLine Reliability Seal

 


earn rebate dollars while shopping
download article: managing rebate credit cards
search rebate credit card programs

 

 

 

Home Buying Site Map