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Home Equity Loans

Home equity loans can be used for so many more purposes than just home repair expenses. Here are just a few examples of how you can make your home work for you with a home equity loan:

  • Pay tuition expenses
  • Finance your child’s wedding
  • Buy that new car you’ve been eyeing
  • Upgrade your appliances, like a new washer/dryer and new refrigerator

Plus, a home equity line of credit is perfect for those expensive emergencies that always seem to come up at the worst times, like unexpected auto repairs or hospital bills.

And a home equity loan may actually save you money in comparison to your everyday signature loan. In many cases, the interest you pay on your home equity loan can be tax deductible (consult a tax expert for advice).

Call the 330-453-2467 for information on the quick, easy process of applying for your home equity loan.

Example

Appraised Value of Home

$100,000

Percentage

x       80%

Perrcentage of Appraised Value

$80,000

Mortgage Balance Owed

- $50,000

Equity - Potential Credit

$30,000

 

Click here for Home Equity Loan Rates.

 

 


530 McKinley Avenue N.W. Canton, Ohio 44702
330-453-2467
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