Category: Home Equity Line of Credit

HOME EQUITY LEVERAGED TO BUY INVESTMENT PROPERTIES

  Real estate investment properties are a great way to increase assets and serve well to generate a passive income. Financing an investment property requires more of a down payment than a typical mortgage and it’s important to budget for maintaining landlord related expenses.   What do you do if you cannot come up with the necessary required down payment? What if you do not have cash-on-hand? You may be able to use the equity from your primary home as leverage to buy your investment property.   Contact us at Counsel Mortgage Group. We can discuss your options with you...

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HOME EQUITY LINE OF CREDIT

HELOC the acronym for a home equity line of credit. A HELOC works like a credit card, but it is secured by your home. You can borrow against it, and then pay it down, just like a credit card. If you have equity in your home, but you need some cash to consolidate debt or make home improvements, then you would consider a HELOC. Many people today consider HELOCs instead of taking cash out and refinancing their home because they do not want to lose the low interest rate they have on their mortgage. You may also want a HELOC...

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