|
Home Equity Line of Credit
Now for Texans: a more flexible way to leverage your home equity.
Whether you're looking to consolidate debt, remodel your home or pay college tuition, a home equity line of credit from Extraco may be the right solution for you.
Much like a home equity loan, a home equity line of credit allows you to leverage the equity you've built up in your house to help you achieve your financial or large purchase goals. But with flexibility beyond a loan, you can draw on your credit line as needed, giving you complete control over when you spend the money! And for the first time, home equity lines of credit are available in Texas!
But that's just the beginning. Home equity lines of credit offer many other advantages over other credit options.
- Your interest may be tax deductible*
- The interest rate may be lower than other financing options like credit cards.
- During the draw period you may draw on the line of credit, repay, and still access up to the original line amount without reapplying.
- You can draw on the line of credit when needed.
Whatever your financial plans include, a home equity line of credit can help you achieve them, on your schedule.
For more information on home equity lines of credit, contact an Extraco Relationship Manager by e-mail, or call 866-EXTRACO toll-free.
*Consult a tax advisor regarding the deductibility of interest
|
