Moving isn’t always the answer to home woes. Finding the perfect home in today’s market is challenging, or maybe you love where you live and don’t want to leave it. If you would rather upgrade your current home than look for a new one, a home equity line of credit (HELOC) may be the answer!
A HELOC is a revolving credit line that allows you to borrow against the equity you’ve accrued in your home. With a HELOC, you are in control of how much you borrow and when, which is a huge benefit when funding a home renovation. After all, sometimes minor projects turn out to be a bit more complicated than expected, or you may want to opt for upgraded flooring or appliances. You may even want a landscaping makeover to go with your new deck!
Navigate the home renovation process with confidence, from beginning to end, with this flexible financial tool. And in addition to getting an upgraded home that you can enjoy now, you’ll be adding to your home’s value for when you eventually sell.
Learn more about a HELOC with us. We can let you know what to expect and see if you qualify when you’re ready. Contact one of our Mortgage Specialists today. Call us at 1-708-364-2525 or email us at mortgagecenter@emarquettebank.com to get started!
This article was repurposed with permission from Ellie Mae, Inc. - Encompass© “New Home. Same Address.” in the September 2022 content catalog.