Florida home equity loan Refinancing 2016
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The takeaway from this is that now is an excellent time to research a mortgage refinance or a home purchase. Rates are near historic lows and there are several government-backed mortgage programs available. Contact in the sidebar for guidance regarding refinances or on our home purchase page for assistance qualifying for a home purchase loan.
Start accessing your home equity. To access your home equity, you have two options: a home equity loan or a home equity line of credit (HELOC). A HELOC acts as a credit card in that it’s a revolving line of credit. You make payments and pay interest only on the amount that you spend.
Academic and financial industry research suggests that large numbers of Americans don’t keep track of their equity and don’t really know how they could use it. That’s curious because home equity.
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Home Equity Loan. Receive a lump sum for large expenses. Use a home equity loan for big-ticket purchases or debt consolidation. We offer 5 year, 7 year and 10 year fixed home equity loans with low, fixed interest rates. A longer term means lower payments. A shorter term means quicker payoffs. All We Florida Financial Home Equity Loans feature.