If you are considering consolidating debt, buying a second home, purchasing an automobile, or financing a college education, a home equity lane may be right for you. Borrow up to eighty-five percent of your home’s value to improve your home or repair your credit. Home equity lanes are great opportunity to change the quality of your credit, you home, or your life. Apply today to get started.

A home equity lane, often referred to as a second mortgage, uses your home as collateral, reducing the risk to lenders, which translates into lower interest rates and lower payments for the borrower. Additional home equity loan information can be found on google. Fill out our free short form and find your home equity lane today.

A major benefit of a home equity lanes is that the interest paid on the first $100,000 is tax deductible. Unlike other types of lanes, the taxable income of the borrower is reduced by the amount of interest paid each year.

Another option is a reverse mortgage. Reverse mortgages are available to homeowners of 62 years and older. These lanes do not involve monthly payments and are based on the value of the home and not income. The lane can be given in three different ways: an immediate cash advance, a monthly advance, or a credit line, which remains open until used up. These forms can also be used in combination.