Home Equity Line of Credit (HELOC) 

A Home Equity Line of Credit also known as HELOC's are loans that are taken in a 2nd loan or lien position and secured by the Equity in your home.

HELOC's are used for: Home improvements Educational and medical expenses Life events - a new baby or wedding Other large or unexpected expenses and protections that only

How They Work:   You can access your available HELOC credit anytime during the Draw Period.

You have low interest-only payment options on the funds you use. (With an interest-only plan, your principal balance is reduced only when you make voluntary principal payments during the interest-only period.

Adjustable or Fixed Rates:   The flexibility of a variable interest rate,   with options to pay interest only, or,   to secure a fixed rate on your outstanding balance.

Interest Can be Tax Deductible:

You are allowed to deduct the interest you paid at the end of the year, it's a Line of Credit with a Fixed Rate advance option.

Advance Mortgage Corporation
(800) 584-9030