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Your
car breaks down. What to do?
You're traveling to work and your transmission
gives out on a major highway. The repair
estimates are steep:
| Estimated
Repair Cost |
| Parts |
$650 |
| Labor |
150 |
| Towing |
75 |
| Total
Cost |
$875 |
You can't afford a new
car right now, so what are you going to
do?
Just charge the repair on your credit
card. Then when your credit card bill
comes in, pay it off
using your "Event Manager" Home
Equity Line of Credit.
The interest charges on your equity line
are much lower than on your credit card.
And the interest you pay may be tax deductible
— additional cost savings. See
your tax advisor for information about whether you qualify for the tax deduction. Click
here is see how much you can save.
Your home equity line of credit gives
you total flexibility and control —
cash as you need it, when you need it.
You can set your own repayment schedule
by paying the minimum payment each month
or by paying a little extra. It's your
choice.
Additional
Sources:
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Are you planning
to renovate your kitchen? Or perhaps you
are thinking of building a new patio or
deck?
Home
renovation costs can add up. You may need
to finance the project. But how?
You could borrow
the entire amount at once with a home
improvement loan. That means using a portion
of the money to pay the contractor's first
installment, and then tucking away the
remaining amount until the project is
finished.
One
problem.
The
amount you tuck away is costing you money.
Another problem is estimating the amount
to borrow.
What if the cost
of the project goes up? Or you decide
to add some extra features? Going back
to the bank to borrow more money can add
to your total financing cost.
There is a better
solution.
Use
your home equity line of credit to finance
the project.
Borrow
the exact amount you need (up to your
available credit line limit), as many
times as you need — whenever you
need — without incurring access charges
and loan processing fees.
Pay the builder
once, and then again throughout the project
by simply writing the amount you need
using your equity line access checks.
And if you find
that you need more money for the extra
features, no problem. You can borrow again
up to your available credit line without
speaking to the bank.
You will only pay
interest on the amount you borrow, which
is much lower than many other credit arrangements.
And the interest
you pay may be tax deductible — additional cost savings. See
your tax advisor for information about whether you qualify for the tax deduction.
You can set your
own repayment schedule by paying the minimum
payment each month or by paying a little
extra. It's your choice.
Using
your home equity line of credit as a "Event
Planner" gives you total flexibility
and control . . . cash as you need it, when you
need it.
Additional
Sources:
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The holiday or
vacation season is ending and guess what's
coming in the mail?
Your
credit card bills.
Are you planning
to pay down those charges over the next
few months?
If so, you will
be paying a high cost of borrowing if
your credit cards charge hefty interest
rates of 12% or more.
You're
smarter than that.
That
is why you plan to use your Home Equity
Line of Credit to consolidate all of your
outstanding balances.
Your home equity line carries a much lower
interest rate than credit cards and other
loans. And any interest you pay may be
tax deductible — additional cost
savings. See
your tax advisor for information.
Use our Debt
Consolidation Worksheet to estimate your potential savings.
Additional
Sources:
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What if Uncle Sam finds you unprepared
for a large tax bill on April 15?
Will you dip into your investment savings
to pay the tax bill? Or will you submit
a loan application at the bank?
We offer a better
solution.
Write yourself a loan using your "Event
Manager " Home Equity Line of Credit.
It acts like your personal money manager
for unanticipated expenses — like
big tax bills.
The interest charges on your home equity
line are much lower than most bank loans
or cash advances from credit cards.
And the interest you pay on your home
equity line may be tax deductible — additional cost savings for next year's
taxes. See
your tax advisor for information about whether you qualify for the tax deduction. Click
here to see how much you can save.
We call it smart financial
management.
Additional
Sources:
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Times can be tough, especially when you're
hit with unexpected expenses:
- the kids need new clothes
- the medical insurance covers only 80%
- the summer utilities are a little higher
than normal
- your vacation bills are coming due
- you list:____________________ .
You don't want to dip into your hard earned
savings or investments, but the monthly
check simply won't cover all of your expenses NOW due.
Access your Home Equity
Line account and transfer the amount you
need into your bank money account.
Use the money account to payoff bills,
advance your child some cash, or buy the
necessary school supplies using the account's
Visa® CheckCard.
The interest charges on your home equity
line are much lower than most bank loans
or cash advances from credit cards. You
will only pay interest on the amount you
borrow, not the total amount of your line.
And the interest you pay on your home
equity line qualifies
for tax deductibility — additional
cost savings. See
your tax advisor for information about whether you qualify for the tax deduction.
Your "Event Manager"
gives you total flexibility and control
over your equity . . . cash
as you need it, when you need it.
Additional
Sources:
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He can dribble.
He can rebound.
She can defend.
She can score.
What they need now is some professional
coaching from a prestigious basketball
camp.
College scouts will be there looking
. . . analyzing.
But the tuition, fees, housing, and transportation
can add up.
Of course, they're worth it! Their talents
could pay off in scholarships and other
collegiate benefits.
It looks like you will be calling the bank
tomorrow to borrow the money.
Some
important questions to consider:
- how much should you borrow?
- what kind of loan should you apply
for?
- should you get an installment loan
for 3 years, 5 years, or 10 years?
- perhaps you should borrow a little
extra to expand the upstairs
We have a better
way.
Take your Home Equity
Line of Credit and advance yourself money instantly.
You can advance
one amount for the basketball camp and
then another amount when you are ready
for the upstairs. No need to borrow a
large amount at once.
You can advance yourself money as you
need, when you need to, as many times
as you need, up to your available credit
line. You will only pay interest on the
amount you use, which
interest may be tax deductible.
See
your tax advisor for information about whether you qualify for the tax deduction.
So if you would like to become
your own banker,
Additional
Sources:
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