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An Equity Line of Credit lets you establish a flexible line based on the equity in your home. You can access the funds by writing a check. Use the cash whenever you need it, for almost any purpose. The interest expense is typically tax-deductible (consult your tax advisor concerning interest deductibility).
Benefit of Equity Lines:
- Allows you to "piggy-back" behind one of our first mortgages for maximum financing
- Avoid private mortgage insurance and higher rates
- Interest may be tax deductible. Consult your tax advisor concerning interest deductibility.
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