Community Mortgage

C o r p o r a t i o n

Home Equity Line of Credit

The amount of equity you have in your home is simply the appraised value minus the payoff of your existing mortgage. Example:

   $100,000 appraised value

      80,000 mortgage balance

  $  20,000 Equity

Home Equity Line of Credit advantages:

1. Access to the equity in your home for various purposes.

2. Write checks against the equity amount when needed.

3. The interest on the equity loan may be tax deductible.

Properly used, the Home Equity Line of Credit can provide financial flexibility to do a number of things. Most frequently, wise home owners will pay off high interest credit card debt. Others will make home improvements.

Whatever your use, our loan officers will be here to help you determine if a Home Equity Line of Credit is best for your financial needs.

Home | Loan Officers | Apply Online | Quick Application | What to Expect | Home Buying Basics | Refinance | Equity Credit Line | Credit Repair | Realtors | FSBO | About Us

© Copyright Community Mortgage Corporation, 1989 - 2006. All Rights Reserved Equal Housing Lender