f. Home Equity Line of Credit (HELOC)
With a Home Equity Line of Credit (HELOC), you will gain access to funds as soon as your loan is registered, enabling you to put them to use right away. A HELOC has a unique advantage in that it can be used, repaid, and used again, while only paying interest on the portion of the funds that have been utilized. That means a HELOC is a perfect solution for many funding needs, such as:
- Launching or supporting your small business
- Funds for investing for a rainy day
- Medical and health care expenses
- Access funds for acquiring another property
A HELOC is also a great way to finance home renovations, repairs, construction, and all kinds of other household projects.
What’s more, you can use the funds from your HELOC to set yourself free from stressful high-interest debts, and consolidate all your debt into one easy-to-pay monthly bill. In fact, that’s our specialty here at CMI. Our team of experts will sit down with you, talk through your debt situation, and lay out a course of action that’ll get you debt-free as soon as possible.