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Services
Home Equity Line Of Credit (HELOC)
An essential asset for every home owner is a home equity line of credit. Equity in the home is used as collateral to provide a supply of credit. Some advantages of a HELOC include lower interest rates then most other types of credit, interest is charged only on the amount used, and you can pay back the money you borrow at any time without a prepayment penalty. Furthermore, once approved a home line of credit can be accessed at any time up to the available credit limit.