M&F Bank | Your House + Your Home Equity Loan = Your Line of Credit

With rates historically low, it's a great time to secure a home equity line of credit. You can use your home equity line of credit to upgrade your home, consolidate debt, pay for emergencies, or replace a vehicle. With a home equity line of credit, you only borrow what you need and only make payments on what you borrow. And any interest paid may be tax deductible. At M&F Bank accessing your credit is as easy as writing checks. We have locally and nationally competitive rates and we have cash to...

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From: MandFBank

Related topics : line of credit home equity loan rates / consolidation debt home loan / bank loan interest rates

What is a home equity line of credit?

http://www.lawinfo.com/real-estate.html - A home equity line of credit allows a home owner to borrow sums of money from the lender. The lender agrees to lend a maximum amount within an agreed period and the borrower uses the loan as a line of credit, pulling from it when needed. In many ways this is similar to a credit card. You are assigned a specified credit limit that you may borrow up to. A home equity line of credit often has a draw period of 5 to 25 years, allowing you access the funds...

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From: lawinfo

Related topics : line of credit home equity loan / line of credit loans near me / real estate homes

Budget 2017: Is equity a better investment now – The Urban Debate

Fine print of Budget 2017 reveals a 2 lakh cap on interest deduction from the second home loan. No incentive to invest in real estate. Should you invest in stocks instead? To get this answer, Magicbricks NOW caught up with Ramesh Jogani- Founder, Real Estate Fund IPAL; Gulam Zia- ED, Knight Frank India; G Chokkalingam, Founder & Managing Director, Equinomics Research & Advisory; Rajesh Kothari, CIO, Alf Accurate Advisors; Samir Kanabar- Tax Partner, EY India; and Mehrab Irani, general manager...

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From: Magicbricks Now

Related topics : interest home equity loan deductible