Equity Line

There are two types of home equity loans; a line credit and cash out refinance. A home equity line of credit works like a credit card, where you set up a line of credit against the equity in your home. You then use the credit line on an as needed basis.
The other type of home equity loan is a “cash out” refinance, a second mortgage. The big difference in this type of loan is that you borrow the money in a “lump” sum.

The biggest advantages of home equity loan are that these loans are usually tax deductible and you can borrow up to 125% of your home’s value. Ateev can help you obtain the equity line in as little as 12 days with minimum paperwork.

Most people use the equity in their home to get money to pay for remodeling, college tuition or pay off high interest rate credit cards.