Need a Home Equity Line Credit?
Because a home is often our most valuable asset, many homeowners use a Home Equity Line Of Credit for major items, such as education, home improvements, or investment. Matrix Mortgage Global’s HELOC mortgage allows you to access up to 80% of the equity in your home for what you need accomplish.
Home Equity Line Of Credit (HELOC)
|Current Mortgage||HELOC Mortgage|
|Home Worth $450,000||Home Worth $450,000|
|Current Interest Rate 5.0%||Current Interest Rate 3.50%|
|Current Payment $1,500||Current Payment $1,050|
|$200,000 Mortgage||$280,000 Mortgage|
|$25,000 Car Payment $500/month||$25,000 Car Payment Paid|
|$25,000 Credit Cards $750/month||$25,000 Credit Cards Paid|
|$200,000 Mortgage $1,500/month||$250,000 Mortgage $1,189/month|
|Total $2,750/month||Total $1,050/month|
You Save $1,700/month!!!
Our Current HELOC Rates Start At: Prime plus 1%
Here are some reasons to get a HELOC Mortgage
- Pay back only what you take out
- Emergency fund should the need arise.
- Cheaper than an unsecured line of credit
- You never need to apply for a credit line again