Your home’s equity is the difference between your home’s value and what you still owe on your mortgages. The money that lives in between these two can be used to accomplish many things, including:
1. Improving your home - adding a new addition or improving energy efficiency can save you money, but can also add value to your home.
2. Lower interest rates - using the equity in your home for purchases can be more attractive than more traditional credit, like credit cards.
3. Debt consolidation - simplify your payments and lower your overall interest rates.
4. Manage high education costs - with the cost of education rising so fast, a home equity loan can provide a great way to manage tuition fees.
To learn more, just call 734-742-5061 to talk to a Zeal loan expert today.
Ready to start your application? Start here.
If you have any questions about how the application process works just give us a call at 734-742-5061, or join us at one of our Home Buying Seminars at the link below.