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"EquiNest proved to be a full service firm. Not only did I get the most aggressive pricing on the loan I wanted…Brian assisted me in negotiating both the sale of my condo and the purchase of my new home. The information made available to me was more like an education in finance and real estate lending. Brian returned every call and answered every question. There is value in having a mortgage brokerage relationship and Brian proved to be worth every penny
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Often the most valuable asset that a person owns is their home. Leveraging the equity in your home is the smart way to finance home improvements, continuing education, buying a car, consolidating debt, starting a business, vacations or any other worthwhile purchase.
There are two types of home equity loan products, the home equity loan and home equity line of credit. Both products offer many benefits that make them the best credit source available for a homeowner. Interest rates are typically far less than other personal and credit card loans. In most cases the interest you pay on an equity loan is 100% tax deductible. Consult your tax advisor for more details.
Home Equity Loan (HEL)
A Home Equity Loan is a fixed or adjustable rate loan secured by the equity in your home. It provides a specific amount of money and is repayable over a fixed period of time. Normally the payment schedule will call for fixed payments that will pay off the entire loan by the end of the loan term. This type of loan works when you need a set amount of money for a specific reason. The Home Equity Loan in many cases is the least expensive way to refinance your first mortgage.
So let our experienced team of professionals help select the type of home equity loan that is best suited for you. The process is surprisingly fast and easy! Take charge of your finances by letting the equity in your homework for you to meet your financial objectives or simply to fulfill a dream.
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