Home Equity Line of Credit

A home equity line of credit can be a really good way of using the equity in your home to give you more financial freedom. You effectively take out a second mortgage on your home, using the equity that it has accrued since you took out the first mortgage, but instead of receiving a defined sum of money on which you have to pay interest, you use it like an overdraft, drawing up to a certain limit, and paying interest on the money you have used.

This has real advantages if you are not sure how you want to use the money, or if the project you are going to use it for does not have a defined value. Because you are only using the money you need, you do not have to pay interest unless there is a real reason.

Most lines of credit are even more flexible than this, because you can pay back a part (or all) of the loan, and then if you need to draw on it again, you simply take the money out and start paying interest again. Most lines of credit are for a defined period, at the end of which you pay the money back.

This is a really good way of making sure that you can manage your finances over a period of time, and it means that you can finance several projects without having to apply for loans each time. Take a look at the companies that are offering this service, itís a good way of making sure that you are using your assets to the full.

Beneficial Home Equity Loan

Access 100% of your home’s value (80% in Texas)
Consolidate debt
Pay off high-interest bills and lower your monthly payments

GuideToLenders

With interest rates at all-time lows, there has never been a better time to get a home equity loan or line of credit. Need money to improve your home? Maybe you need a new car, or need funds to send a child to college? Whatever the reason, your home is an excellent source of cash. GuideToLenders.com will provide you with competitive loan quotes from up to four lenders. You’ll receive the best rates and options available, regardless of your credit. Your interest on these loans may even be tax deductible. It takes under a minute to apply, and you have nothing to lose. Find your home equity loan or line of credit right now.

HFC Home Equity Loan

Access 100% of your home’s value (80% in Texas)
Consolidate debt
Pay off high-interest bills and lower your monthly payments

MoneyNest

MoneyNest can help you search through hundreds of lenders and to find the most competitive rates. Get loans for mortgage refinancing, second mortgages, a home equity line of credit, home improvement, or debt consolidation. No fees are required and all credit histories are considered. Fill out a single application and get up to 4 FREE quotes.

Countrywide Home Loans

Qualified homeowners – even those with less-than-perfect credit – may now access their home’s equity to get cash, consolidate debts, and lower monthly expenses. Countrywide Home Loans may also help applicants who are self-employed or have high consumer debt. We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.

INVESTools

The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use Web-based tools is that you rely on facts to make decisions – not emotions. The benefits are less stress, better results and, dare we say it, fun.

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Financial Entrepreneur

I'm passionate about business and finance. After working 10 years for an international organisation, earning more money than most people would need to have very good life, I decided to jump on my own life and businesses. My main incomes are from my financial investments and businesses.

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