| |
If you own your home, you may be able to finance important purchases such as home improvements, an automobile or a
child’s college education by using a portion of your home’s equity. A home equity line of credit from Great Florida Bank
can be a sensible and money saving way to realize your financial goals. Plus, you may be able to benefit with possible
tax advantages from having a home equity loan. |
| |
|
| |
Please consult a qualified tax advisor regarding these advantages including loan interest deductability. |
| |
|
| |
The type of home equity financing solution you choose will often depend upon how you plan to use it. |
| |
|
| |
A home equity line of credit is a smart solution when |
| |
|
| |
- You do not need all the funds at once and want to have it available for different reasons. In addition, you want the convenience of accessing funds, up to your approved credit limit, by simply writing a check
|
| |
- Examples could include that you want to draw on part of your available credit limit for a vacation this year and then again to remodel your kitchen or make another purchase at some point in the future.
|
| |
- As you pay your line of credit, the amount you have access to is replenished, similar to a credit card
|
| |
|
| |
Varieties of solutions are available which can be tailored to fit your budget. A Great Florida Bank relationship banker can help you determine the best option for you. Contact us to speak with a relationship banker about specific terms and conditions. |
| |
|
| |
Compare a Home Equity Loan to Home Equity Line of Credit |
| |
|
| |
|
| |
|
Equal Housing Lender