Features and Benefits of Home Equity Loans in Vancouver
Home equity loans allow you to borrow money against your home’s value which can be used for any purpose and comes with relatively low interest rates. Visit http://mortgagebrokerbc.com/ for more information.
Home equity loans allow you to borrow money against your home’s value which can be used for any purpose and comes with relatively low interest rates. Visit http://mortgagebrokerbc.com/ for more information.
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What You Ought to Know about Hom e <strong>Equity</strong> <strong>Loans</strong><br />
www.mortgagebrokerbc.com
“There is noth<strong>in</strong>g like stay<strong>in</strong>g at<br />
home for real comfort.”<br />
- Jane Austen<br />
www.mortgagebrokerbc.com
<strong>Home</strong> equity loans or second mortgage which allows<br />
homeowners to borrow money by leverag<strong>in</strong>g the equity <strong>in</strong><br />
their homes. As many homeowners now owe more on their<br />
houses than the houses are worth, these home equity<br />
borrow<strong>in</strong>g st<strong>and</strong>ards are tighten<strong>in</strong>g.<br />
www.mortgagebrokerbc.com
There are two types <strong>of</strong> home equity loans.<br />
• Fixed rate loans<br />
• <strong>Home</strong> <strong>Equity</strong> l<strong>in</strong>es <strong>of</strong> credit<br />
Both options are available with terms that generally range<br />
from five to 15 years.<br />
www.mortgagebrokerbc.com
FIXED RATE LOANS<br />
This type <strong>of</strong> loan provides a s<strong>in</strong>gle, lump payment with an<br />
agreed-upon <strong>in</strong>terest rate. The payment <strong>and</strong> <strong>in</strong>terest rates<br />
rema<strong>in</strong> the same throughout.<br />
HOME-EQUITY LINES OF CREDIT<br />
This is a variable-rate loan which accepts variable monthly<br />
rates depend<strong>in</strong>g on the amount <strong>of</strong> money borrowed <strong>and</strong> the<br />
current <strong>in</strong>terest rate.<br />
www.mortgagebrokerbc.com
BENEFITS<br />
• Easy source <strong>of</strong> cash<br />
• Interest rate is lower than credit card<br />
• Tax deduction<br />
www.mortgagebrokerbc.com
Look<strong>in</strong>g to get a home equity loan <strong>in</strong> <strong>Vancouver</strong>?<br />
Visit www.mortgagebrokerbc.co for more <strong>in</strong>formation.<br />
Phone: (604) 676-3583<br />
E-mail: mortgageapprovalcorpvancouver@gmail.com<br />
www.mortgagebrokerbc.com
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