Home Equity Line of Credit
The Wealth Management Group offers an exclusive equity line of credit tailored for clients with more sophisticated financial needs. Our Equity Optimizer® provides credit lines of up to $2,000,000 backed by exceptional flexibility and highly competitive rates. A home equity line is a revolving line of credit that can allow you to borrow up to 100% percent of the value of your home. Once you are approved, special convenience checks give you access to the line - up to your credit limit - whenever you want or need it. As you pay back the line, the credit is available for you to use again.
- You have the option to lock-in some or all of your outstanding balance on terms similar to a loan — with a fixed rate, fixed term and fixed payment.
- Because your home is used as collateral, your interest rate is lower than it would be with an unsecured loan or credit card.
- You access potential tax savings. In most cases, the interest on your home equity line will be tax deductible. (Consult your tax advisor.)
Use a home equity line of credit to pay off your first mortgage, purchase a second home, renovate your home, or for major purchases. The uses are almost limitless.
Subject to credit approval.
