Pay
less for your loans, starting today. A home equity line of
credit (HELOC) is a variable rate loan based on the available
equity in your home.
A HELOC is great for homeowners who want a lower initial
rate than fixed rate loans, or those who want easy access
to funds in case of an emergency.
The amount of the loan is based on the available equity
in your home, and the interest rate is usually determined
by a margin (which is fixed), plus the prime rate (which
is variable).
Access checks allow you to withdraw money when you need
it. As you pay, the remaining line of credit is available
to you to use any way you like—consolidate your credit card
debt, pay off auto loans and personal loans, pay for educational
expenses or home improvement - the choice is yours.
As an added bonus, the interest you pay is generally considered
to be tax-deductible, although you should contact your tax
advisor for details about this particular feature of home
equity products.
Have more questions? Call Avrus Financial & Mortgage Services, Inc.® today
for your no-obligation loan consultation, and find out which
loan is right for you. You can also apply online now.
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Pay
interest only on the amount you withdraw 
