A Home Equity Loan will allow you to capitalize on the value in your home and give you access to cash for the things you need. Popular uses for Home Equity Loans include home upgrades, pool installation, debt consolidation, paying medical expenses, and for savvy investors, a downpayment on an investment property.
A Home Equity Loan allows you to borrow against the overall value of your home, less the mortgage amount you still owe. In the states of Texas and Missouri, you're allowed to borrow up to 80% of the total value of your home between a mortgage and a Home Equity Loan.
At ACU we simplify having both a Mortgage and a Home Equity Loan so you only have one payment to worry about each month. Get in contact with our Mortgage Department at 972-494-5328 to learn more about how we make your home loans easier to understand and manage.
Home Equity Loans allow you to tap into the equity you have in your home in order to open your finances and life up to a whole realm of potential.
Home Equity Loan proceeds can be used for anything including covering education and tuition costs, paying for home repairs, improvements or additions, debt consolidation, and substantial medical expenses.
In this guide, you will learn how to access the equity in your home (up to 80% of your home's value in Texas and Missouri), how to tell whether or not a home equity loan makes sense for you and the potential benefits and pitfalls associated with it.
Claim your free copy of our All You Need to Know About Home Equity Loans guide today!
[BLOG POST] The short answer to the question, "Can you use a home equity loan for anything?" is yes. Just because you can, however, does not mean you should.
Getting a home equity loan is a big decision. Although you can use the proceeds for anything (pinball machines, fancy cars or a lifetime supply of candy), you should avoid these pitfalls to ensure your home equity loan provides you with adequate financial benefit. Continue reading...
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