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Renovate with your Home Equity Line of Credit
If you've been searching for a new home, I'm sure you were surprised to find how much home prices have increased recently. Depending on your location, a search for a desirable home may have revealed that the houses you like are outside your comfort zone. If prices are too high for you right now, you do have another option.
Generally, when someone wants to move, it's because they want amenities their current home does not have. Rather than relocating, why not renovate your current home? You can revamp your existing home into the dream home you've always wanted by using your already existing equity.
The market conditions that have caused home prices and interest rates to rise are the same conditions that have created equity in your home. You can use some of that equity to accomplish any renovation you'd like to complete. The most popular renovation projects are also the ones that are the most fun!
Here are just a few project ideas to consider:
- Give yourself a spa break in your remodeled master bath
- Channel your inner chef and replace outdated kitchen appliances
- Enjoy a drink after work on your newly screened in back deck
- Know the kids and pets are safely playing in the newly fenced in back yard
- Watch your electric bill drop after installing a new AC unit
- Weather the next storm comfortably with new hurricane doors and windows
- Rest comfortably in the luxury of your newly furnished bedroom
A Home Equity Line of Credit (HELOC) is a fast and inexpensive way to access the funds you need to complete your long-awaited projects. Our HELOC is a stand-alone, which means there is no need to disturb your current first mortgage. Your HELOC account works like a checking account, allowing you to withdraw and pay down your credit line for ten years. And best yet, it is NOT an interest only loan, so you'll always be paying down your balance with each payment.
Obtaining the funds you need to renovate your home has never been simpler! And as a bonus, you can also use the HELOC to consolidate some of your high interest/high payment debt!
If you're thinking about getting a mortgage and have questions, feel free to contact me. I'd be happy to help!
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Contact Wendy 7 days a week for more information:
Phone or Text: 321-794-5626
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