Sentences with phrase «borrow against the equity in their home for»

We can help you borrow against the equity in your home for things like building an addition, updating the kitchen or bath, paying for your child's college tuition or purchasing a car.

Home equity line (HELOC): Also referred to as a second mortgage, this loan makes it possible for consumers to borrow against their equity in their homes for a specified term and up to a pre-set maximum sum.

Not exact matches

A home equity loan turns the equity in your home into money for grad school by allowing you to borrow funds against your home's fair market value and the money you've put into it.

Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion of their home equity while staying in their home and maintaining the title.4 The loan works by allowing seniors to borrow against the value of their home and defer mortgage payments until after the last remaining occupant has moved out or passed away.

Home equity loans are a good example of this type of credit: As a homeowner, you can put your house up as collateral in exchange for borrowing against some of the value it has accrued over time to cover things like medical bills, major repairs or other unexpected expenses.

Whether you are looking for a consumer loan or to borrow against the equity in your home, Citizens Bank can tailor a loan with your budget in mind.

Footnote 2 How a HELOC works With a HELOC, you're borrowing against the available equity in your home and the house is used as collateral for the line of credit.

If you own your home and have enough equity in it to borrow against, you may be able to trade in your non-deductible credit card interest for home equity interest, which is not only tax - deductible but also may carry a significantly lower rate.

Money you borrow against the equity in your home, or money you take out when you refinance your home for any reason except home improvement, is called «equity indebtedness.»

If you're a homeowner, you can borrow against the equity you've built up in your home for a variety of financing needs.

If you own a home, and you've built up equity in it by paying off some of your mortgage, you may consider taking out a home equity loan for your business, borrowing against the inherent cash value of your house without the need for a third - party lender in the picture.

Reverse mortgage loans allow you to borrow against the equity in your home, providing a potentially powerful impact when planning for retirement.

Borrowing against it is just as important because a HELOC is a mortgage with similar implications; and in some cases, depending on the fine print, a home equity line of credit can affect your credit rating, your ability to borrow for other needs, and even your ability to use your credit card going forward,» said Leclair.

For that reason, many homeowners opt for home equity lines of credit that allow them to borrow against the equity in their homes, often using a cash caFor that reason, many homeowners opt for home equity lines of credit that allow them to borrow against the equity in their homes, often using a cash cafor home equity lines of credit that allow them to borrow against the equity in their homes, often using a cash card.

If you can't qualify for the low interest you need without collateral, you may be able borrow against the equity in your home.

If you own a home, and you've built up equity in it by paying off some of your mortgage, you may consider taking out a home equity loan for your business, borrowing against the inherent cash value of your house without the need for a third - party lender in the picture.

For example, you might have equity in your home or business that you can borrow against, which you might not need an additional loan.

Reverse mortgage loans allow you to borrow against the equity in your home, providing a potentially powerful impact when planning for retirement.

The good thing is you can borrow against the equity that builds up in your home and use it for any number of reasons, including home improvements and to pay for college costs.