Explore using your home equity for repairs and renovations.
| Using a HELOC could increase your home's value and improve your quality of life. | | | Jason, Explore smarter financing for repairs, remodels and renovations. Your home equity can offer a smart way to boost property value and create the home of your dreams! Why choose a HELOC (home equity line of credit) | Potential tax savings Interest paid is usually tax deductible when you use a HELOC for home improvements. | | No credit usage impact Borrow up to your limit without affecting your credit utilization (a factor in your credit score). | | Lower interest rates Compare home equity to typical personal loans and credit cards and discover the difference! | | Save on interest charges Draw funds as needed and only pay interest on what you borrow, similar to a credit card. | | Bigger loan amounts Home equity often provides financing up to $100K or more – perfect for big renovations. | | |
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