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Home > Home Equity Loans > Home Equity Line of Credit....
Home Equity Line of Credit (HELOC)
Description |
A Home Equity Line of Credit (HELOC) is a loan set up as a line of credit, for a maximum draw, rather than a fixed dollar amount. It can be used anytime, for any reason.
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Benefits |
- Monthly payments that vary depending on the current rate and amount you have borrowed
- Can be used anytime, for any kind of expense
- Possible tax benefits, please consult a Tax Advisor for more information
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Purpose |
Any Purpose... for example: bill consolidation, car purchase, college, unexpected or other expenses
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Collateral |
Home
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Amount |
Up to $200,0001
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Term |
Revolving
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How to Apply |
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1. Up to 100% loan-to-value, less first mortgage, owner-occupied only, located within the state
of New Mexico
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