Home Equity Loans

— Detail Information —

Home owners can use the equity value in their homes to pay for education.

The advantages include:

1. you are not restricted by federal loan limits or eligibility requirements
   
   
2. the funds can be used for any purpose — including auto transportation — as determined by the home equity owner
   
   we have examples at our affiliate site: YourEquity.com
   
   
3. funds can be borrowed as they are needed — not all at once under many other loan programs
   
   
4. the home equity line will be available from year-to-year without submitting loan application and qualification forms
   
   
5. interest rates for home equity lines can be as low or lower than the Prime Rate depending on the home owner's LTV position and credit rating — calculate your LTV position
   
   
6. the interest costs for borrowed funds may be deducted from your taxes if your qualify — see your tax advisor for further information
   
   we have an effective tax table for illustration
   at our affiliated site
   
   
   

The home equity line of credit is the most popular type of home equity for college education.

The equity line allows home owners to draw upon funds as needed for tuition, books, fees, living expenses and other miscellaneous expenses by simply writing a check or in some cases, transferring funds electronically.

See our affiliated site at YourEquity.com for home equity product, rate, calculations and apply information:
using your home equity to finance education