One of the biggest perks of homeownership is the ability to build equity over time. You can use that equity to secure low-cost funds in the form of a home equity line of credit (HELOC).
Home Equity Lines of Credit (HELOC) use the equity in your home—that is, the difference between your home’s value and your mortgage balance—as collateral. As the credit line is secured against the equity value of your home, home equity lines offer extremely competitive interest rates—usually close to that of your mortgage. Compared with unsecured borrowing sources, such as credit cards, you’ll be paying less in financing fees for the same loan amount.
Dennis can access many lenders who offer HELOCS. Feel free to reach out to him with questions.
You’ve likely seen the commercials on TV advertising this product, but many people still don’t know much about it or who its really suited for. Dennis has access to this unique product and can help guide you through the process and answer any questions you have. More info below.
A reverse mortgage is the ability to access equity within your home. At CENTUM, we can access up to 55% of your home’s value. How do we do it?
At CENTUM, we use a CHIP Reverse Mortgage to reverse the financial equation.
Like many individuals, your net worth will be tied up in savings and your home when you reach retirement. With the increase in the housing market, the majority of your net worth could be derived from your home. With a CHIP Reverse Mortgage, you can access the equity in your home without giving up ownership.