Mac Church

Sterling Mortgage

Home Equity Lines (HELOC)

What is a HELOC?

A HELOC, or Home Equity Line Of Credit, is a line of credit that you can use with the equity value that is in your home.

What are the Benefits of a HELOC?

• Little or no closing costs
• Home equity lines are tax deductible *
(credit cards, car loans and other personal loans are not!)
• You only pay interest on what you use

Why Should You Open a HELOC?

A HELOC can be used for the following:

• Have a financial cushion, should you lose your job or need extra cash at a moment’s notice
• Pay off high interest rate credit cards
• Purchase a car, motorcycle or boat at lower interest rates
• Pay college tuition for your kids
• Make home improvements
• Take a cruise or vacation that you always wanted
• Refinance your current higher second mortgage to a lower interest line of credit **

* 10-year interest only draw period to draw from your line. ** Max. loan-to-value is 80%

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For more information:
Phone: 540-735-1150
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