When a homeowner needs to borrow money for major expenses, or to pay off accumulated debts, they can use the equity built up in their home borrow money:

Pay off your credit cards
You can use the equity borrowed to pay of credit card debt knowing that the interest rate on a home loan is usually lower than the interest rates charged by credit card companies. Not to mention, the interest on your mortgage is usually tax deductible (check with your tax advisor), while the interest on your credit card is not.

Home equity loan vs. refinance
There are two ways to use your home equity to borrow money. Either refinancing your existing mortgage for a larger amount than your remaining balance (a cash-out refinance) or by taking a home equity loan.

Cash-out refinances are generally less expensive, but a home equity loan will usually let you borrow more.





1 . Reduce Interest Costs.

2 . Reduce Monthly Payments.

3 . Reduce Your Risk.

4 . Payoff Your Mortgage Faster.

5 . Use Your Home's Equity to Borrow More.


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Heartland Mortgage Corp
1-866-207-5195