Home Equity Lines of Credit for home owners in San Diego, California

Equity lines of credit are a open line of credit that you can borrow from the equity in your San Diego home. Home Equity Lines of Credit are adjustable rate loans and are based on the prime rate.

Call 800-874-8760 today and deal directly with the Nation’s Top Mortgage Broker – Or Apply online for more information and Great Service!

With a Home Equity Line of Credit (HELOC) you open a revolving credit line, like a credit card secured by your residence’s equity. The loan size of either loan is determined by the equity in your home and how much of it you intend borrow against. The advantage of a HELOC is that you get to borrow only the amount you require as you need it. This allows your payment to be based on only what you draw as opposed to the entire loan amount.

The appeal of home equity borrowing resides in the low interest rates, the tax deductibility of interest, graduated payments over a longer term and the accumulated equity in your San Diego, California home. Home equity also represents a liquid asset for unexpected expenditures. If you are planning major remodeling, investment, or debt consolidation – Now might be the time to tap in to your home’s equity.

Check with your CPA, but for most people interest on your mortgage is usually tax-deductible whereas the interest on credit cards and other consumer debts are not.
Paying lower interest rates: With a home loan your interest rates are typically lower than credit cards, the terms are also over a longer period of time, both of these factors will save you money if you access the equity in your San Diego home.

Make one payment! How nice would it be to simplify your financial life by having a single, lower monthly payment?  If you have equity in your San Diego, California home you can use a home equity line of credit for home improvements, and consolidating your high-interest debts. A home equity line of credit (HELOC) is a great way to eliminate credit card debt and save money at the same time.

American Brokerage offers several home equity loans for San Diego, California residents:
Closed End 2nd's
Open end Lines of Credit
Reduced Income Documentation
2-4 Units & Condo's
2nd Home and Non-Owner Occupied

Find out how America’s Top Mortgage Broker can help you use your San Diego home equity at low rates and competitive terms – Apply online – or call 800-874-8760 and speak to one of our home equity specialists today!