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Q. |
What are the
advantages of a home equity line? |
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A. |
There are many
great reasons to take out a home equity loan. You can use an
equity loan for home improvements, to purchase a car,
college tuition - or whatever you wish. Because home equity
interest rates are typically lower than on most credit
cards, it may make sense to pay off your high interest debt
with your equity loan. Furthermore, the interest payments on
home equity loans are tax-deductible. Of course you should
consult with your tax advisor for more information on the
tax benefits that an equity loan can provide.
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Q. |
What equity
loan amount do I qualify for? |
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A. |
Qualification
depends on several factors such as your home’s Loan-to-Value
and credit. If you would like a fast home equity
pre-approval, contact one of our friendly Mortgage
Consultants at 1-800-544-8584. |
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Q. |
How long does
the process take? |
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A. |
We can get you
pre-approved in just a few minutes over the phone. Once you
apply for a loan and submit your verifying documents, we'll
process your loan quickly and efficiently. And in most
cases, once we receive your documents, we can close your
loan in 10 to 15 days. |
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Q. |
Do you no or
low closing cost options for equity lines? |
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A. |
Absolutely! Great
Oak Lending offers low cost equity lines and no cost equity
lines of credit. Call one of our Mortgage Consultants and
find out in minutes if you qualify. 1-919-270-0105. |
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