Line Of Credit
Akron Mortgage and Refinancing Company offers you two options when it comes to home equity financing. These options are: Home equity loans and home equity lines of credit. Right now, we are going to discuss home equity lines of credit (HELOC).
Going for home equity lines of credit you will have a flexible way of borrowing funds which you can use to pay your bills or make special purchases. HELOC differs from home equity loans because it allows you to draw money only when you need it. In other words, you won’t be getting a lump sum loan but instead you can get money as needed. With the help of home equity line of credit, you will be able to:
- Pay for tuition
- Renovate your home
- Pay off your bills
- Buy a new car, boat or truck
HELOC is very much like a credit card. You can borrow funds to a certain credit limit. Interest will be charges on the amount that you borrow. Here at Akron Mortgage and Refinancing Company, we offer you different features for HELOC so that it can fit everyone’s needs. We want to make sure that our customers are always at ease and that is why we go out of our way to make that happen.
If you are ready to make improvements to your home or eager to go on that dream vacation with your family; we have amazing HELOC options for you. Home equity is the difference between how much your home is worth and how much you owe on it. Suppose that your home costs $300,000 in the market and you owe $200,000. This means that your home equity is $100,000. Depending on which type of HELOC you choose, you can borrow around 80% of your home’s available equity. In some cases, you can even borrow up to 100% of your home equity.
HELOC offers low interest rates as compared to other types of credit because they are said to be secured loans. With HELOC, you will be able to pay off your existing balances much faster and easily. Akron Mortgage and Refinancing Company takes great pride in informing you that we are the best mortgage company in Ohio. When you do business with us, you will enjoy a number of different benefits. Feel free to contact us at any moment for inquiries or problems. We have a team of experienced and professional workers who have vast knowledge when it comes to loans, and home equity. When you give us a call, a home equity consultant will be available to talk to you immediately so that all your inquiries are answered instantly.
Here at Akron Mortgage and Refinancing Company, we know that life is unpredictable. We want you to be able to deal with the sudden changes in life such as disability, unemployment or death. This is why we offer home equity line of credit for you. This way you will be able to enjoy some piece of mind knowing that your finances are taken care of.
For us, our customers are not just numbers for us. When some chooses us to do business, we make sure that all their needs are taken care of. We have a dedicated team that will make the entire process stress free and easy. We will be there for you every step of the way so that you don’t face any bumps along the way. Or team won’t just talk to you, but we will communicate with you. For us, your success is our success and we wouldn’t have it any other way.