Why borrow against the
equity in your home?
| $ | Reduce monthly payments by consolidating debts on credit cards and other consumer loans, lowering the interest rate, and exchanging compound interest for simple interest |
| $ | Reduce your tax burden by exchanging nondeductible interest (such as interest on credit cards and car loans) for loan interest that may be fully tax deductible (see your tax advisor for complete details) |
| $ | Get better terms on a home purchase or refinance loan by using home equity as part of your down payment |
| $ | Get ready cash for investment opportunities, unexpected purchases or emergencies as they come up (lines of credit only) |
| $ | Take cash for a specific reason, such as remodeling, college tuition, a new car, or a vacation |