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home equity
uses


use 1: consolidate debt
use 2: renovate home
use 3: buy an auto
use 4: pay for college
use 5: make a purchase
use 6: manage business


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USING YOUR HOME EQUITY TO FINANCE PURCHASES AND EMERGENCIES


use this worksheet to list and analyze your debt consolidation savings
Recommended Type: Home Equity Line of Credit*
Recommended Term: 5-10 year DRAW period*
Recommended Use: personal event and emergency fund*

Get the cash you need ... when you need!

Your home equity line of credit lets you do just that. You can use it as your "Event Manager" to:

·  send money to relatives
·  pay for a wedding
·  finance an auto repair
·  repair a leaky roof
·  help your parents get home for the holidays
·  start new home construction
·
  move into a new home or area

And while you're at it:

·  consolidate your bills
·  renovate your family room
·  start a home business
·  you decide: ________________

It's smart financial management to have an equity line available in the event of an emergency. Advancing needed funds from your equity line account is less expensive than cash advances from credit cards or any other unsecured instrument.

You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify — this can reduce your cost even further. Consult your tax advisor for information.

View our Effective Interest Rate Table at our affiliated site to illustrate your potential savings
.

You can use your home equity line whenever you need ... as you need. Simply borrow the money you need, payoff the emergency event, and then repay your equity line account when money is available.

Look's like you have been given the power of a personal banker.

Let us find a lender near you with the best rate and terms.

let's start by defining your goals

   

How to Access Your "Personal Banker" 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 bank checking account.

  3. Now use your bank checking account to write unlimited checks for any amount:

    ·   pay for repair bills
    ·   buy school supplies
    ·   consolidate your credit card debt
    · pick up a new computer
    · fund an overnight training camp for your child
      you decide — you are the banker: ___________
     
    · your bank checking account is FDIC insured
    · you can fund your bank checking account with your equity line account or any other deposit
    · request a bank checking account where you will pay ZERO monthly service fees
    · your bank checking account should be available online so that you can manage your expenses

  4. Request that your bank checking account come with a FREE Visa® CheckCard. Use the card to:

    ·   withdrawal funds from any ATM machine
    ·   make retail purchases at any merchant that accepts Visa®
    ·   transact online purchases with fraud protection
     
    · payment for purchases comes right out of bank checking account
    · you get all the benefits that come from the Visa® brand

Now Here are Your 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 into a bank account with unlimited check writing privileges.

  2. By using your bank checking account, you can write checks for as little as $1. Some equity line accounts come with minimum draw restrictions.
  3. You can use the Visa® CheckCard at participating merchants without exposing your equity line account to potential fraud and misuse.

Hey!, it looks like you have become an even smarter banker. Apply now and let us find the right lender near you.

 

*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.

 

Notes: check your credit report for debt balances

Notes: understanding credit debt ratios

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