As homeowners, we often look for ways to maximize the value
of our biggest asset - our home. One powerful and versatile tool that allows
you to tap into your home's value is a Home Equity Line of Credit (HELOC).
Whether you're looking for extra funds to use towards a home improvement
project or to tackle that lingering high-interest debt, a HELOC offers the
flexibility and convenience to do so.
A HELOC is a secure line of credit that allows homeowners to
borrow against the equity they've built in their homes. The equity, the
difference between the home's market value and the outstanding mortgage
balance, serves as collateral for the credit line - giving you the flexibility
to borrow as much or as little as you need, up to your approved limit.
While the term HELOC can be a bit complex at first, it has become
recognized as a valuable financial tool that opens different avenues while you
pay lower interest rates and gives an extra boost to your credit score. A
win-win situation!
One aspect that many homeowners are surprised by is the lower
interest rates of HELOCs compared to credit cards or personal loans, making
them a more affordable option for accessing funds. The ability to lock in a low
rate, especially with Telhio's current limited time offer, can save you money
over the life of the loan.
With
Telhio's special rate as low as 6.50% APR, it's the perfect time to
consider this option. If you're interested in learning more about Telhio's
HELOC options or want to take advantage of this exclusive offer, visit us
in-branch, online,
via the Telhio mobile app, or by phone at 614-221-3233. We're here to help you
make the most of your home's equity!
Want to do some more research? Start with Telhio's free online calculators
to:
·
determine the equity in your home
·
calculate a home equity line of credit payment
·
use home equity for a major purchase
