Financial Flexibility: The Case for a HELOC
Posted On: April 19, 2021 by The Peoples Community Bank in: Home Equity, Home Loans
David Jones, Lender - Spring Green
One of the most underrated products in banking today is the Home Equity Line of Credit or HELOC.
What is it? How can you use it? Why would you want to?
Consider this, in lending a crucial component of whether a loan is approved or not is collateral. The greater the value of the collateral, the less risk the financial institution must assume, the better the rate and a greater likelihood that the loan will be approved. A HELOC is exactly...
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