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Make it Happen with a Home Equity Line:
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Home equity is considered to be the current market value of your residence, less the balance of any loans secured by your residence.
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Pay for college Your children’s education is truly priceless. The equity in your home can help!
Whether your home is fully paid for or you have a mortgage, you probably have immediate access to a substantial amount of cash.
Now you can use your home to obtain that cash quickly, efficiently and at an interest rate lower than most forms of consumer credit. It's as simple as opting for our Home Equityline.
To use your Home Equityline, you'll receive special checks FREE which can be used much like a regular checking account. Simply write out a check, and you'll get the dollars you need for that special purchase or investment.
Once you qualify, a Home Equityline or loan can be especially useful when you need, or want, available cash for expenses such as college tuition, unexpected medical bills, debt consolidation, a major purchase such as an auto or boat, a dream vacation, or more.
Advantages of a Home Equityline
Current tax laws make Baylake Bank Home Equityline a beneficial way for you to borrow money.
While tax deductions for interest expenses on other consumer loans have been phased out, Home Equityline interest (subject to certain limitations) may be 100% reportable as mortgage interest. Please consult your tax advisor for deductibility, etc.
A Home Equityline is a versatile, handy and advantageous source of funds.
In addition, Baylake Bank Home Equityline offers a "preferred option" which enables you to fix a competitive rate on a portion or all of your outstanding Home Equityline balance. You are in control of your interest rate. Then, as your principal is paid, it once again becomes available on your line of credit.
For complete details, contact at Personal Banker at your nearest Baylake Bank Financial Center.
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