IGotAMortgage Inc.
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Home Equity Line of Credit

Home Equity Line of Credit

The Home Equity Line of Credit (HELOC) from I Got A Mortgage Inc. is an excellent and versatile way to get the cash you need for any number of purposes including:
√   Home improvements
√  Debt consolidation
√  New car financing
√  Education

A Home Equity Line of Creditallows you to utilize the equity in your own home to borrow money. This is a flexible alternative to obtaining a traditional mortgage because it lets you pay the money back on your own schedule. You can also make low, interest-only payments if you choose. As long as you keep your payments current, your line of credit will remain open and accessible; you may never need to apply for credit again.

At I Got A Mortgage Inc. our secured line of credit is fully open for pre-payment without penalty and it can be used for any purpose. Borrow as much as you need, up to a maximum amount of $250,000. This is one of the most convenient ways to pay for an education, make home improvements, consolidate your bills or take that dream vacation around the world.

In most cases, the homeowner is allowed to access up to 80% of the appraised value or purchase price of their home less any outstanding mortgages. Over the years, as the outstanding balance on your home decreases, your available line of credit will increase.

The I Got A Mortgage Inc. HELOC program also lets you split your loan between fixed and variable rates. You can take advantage of long term savings with today’s low interest rates while protecting yourself against future interest rate increases.

The Home Equity Line of Credit from I Got A Mortgage Inc. is a great way to get the money you need now without a lot of paperwork and waiting. As long as your current mortgage is in good standing and providing you have sufficient equity in your home, you can enjoy the benefits of a low cost HELOC today.