Home Equity Loans
Borrowing against the equity you have built up in your home can be a low cost (and usually tax deductible) way to get needed cash. Mortgage interest rates are often less than other types of consumer loans, especially credit cards, and the potential tax deductibility of the interest can reduce the "after tax" cost even further.
- Summary
Why take out a home equity loan?
- Consolidate credit card debt at significantly lower, tax deductible, interest rates
- Get needed cash for home remodeling or for your child's education
- Take advantage of investments with rates of return greater than the current interest rate you're paying
- Get money for a bigger down payment on a second home or new car and take advantage of lower interest rates
- Freedom Institution is here to help and we offer you the flexibility to extend your Home Equity Loan. You'll get the cash you need at a competitive interest rate, much lower than on most credit cards or unsecured loans.