what's important in a home equity line of credit?

One of the things I’m trying to weigh now is the various options and considerations of a home equity line of credit.

Any advice?  If you happen to run across this and have a home equity loan or home equity line of credit, is there any advice you would give to others?

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    One thought on “what's important in a home equity line of credit?

    1. “One of the things I’m trying to weigh now is the various options and considerations of a home equity line of credit.”

      Whichever HELOC gives you the most flexibility (online banking, debit card, etc.) would be the one to choose. Also, one which is an interest-only HELOC.

      Folks are using HELOCs these days to accelerate the equity in their home and thereby save tens (even hundreds) of thousands of dollars in interest payments.

      Today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.

      And they’ve discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using a Home Equity Line of Credit (HELOC) to ‘power’ this ‘financial solutions’ program.

      A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it’s a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I’ve personally seen where this particular program will save the homeowner $750,000 in interest charges!)

      And the best thing – homeowners don’t have to refinance their existing mortgage or make (little or no) adjustments to their lifestyle.

      I’d be happy to provide further details…

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