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Home Equity Loans and Home Equity Lines of Credit
Allow the extra value or equity in your home to finance other needs. Whether you are looking for a fixed loan amount that carries a fixed rate or a revolving line of credit with a variable rate Network Mortgage has the program for you.
A Home Equity Loan is the perfect product for individuals who want a fixed rate loan with a specific monthly payment.
Home Equity Loans Offer:
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$10,000 minimum loan amount
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Flexible terms for repayment available (5, 10, 15, and 20 year terms)
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No application fee
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Interest may be tax deductible
A Home Equity Line of Credit is for individuals who want an adjustable rate loan with a convenient, affordable line of credit.
With either choice the funds can be used to :
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Finance Home Improvements
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Refinance existing Line of Credit
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Payoff high rate credit cards
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Tuition expenses
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New car or use for down payment money towards a new property purchase
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Or any other life expenses that come your way
Home Equity Line of Credit
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Adjustable rate indexed to Prime (there are lines that allow for you to lock into a fixed rate after a draw)
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$10,000 minimum loan amount
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Convenient check or credit card access
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No application fee
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Low annual fee
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Interest may be tax deductible
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As a revolving line of credit; the line becomes available again as you pay it down
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Pay interest only on the amount that you use
Contact Network Mortgage to today to learn more.
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