Unlock the Equity In Your Home

A home equity loan or equity line of credit allows you to unlock the money you have invested in your home to finance larger debts, and usually at a lower interest rate than most other credit options. Some common examples of how a home equity loan can help you could be to send a child or grandchild to college, update or remodel your home or even to consolidate outstanding revolving charge cards.

Another advantage of equity loans is that the interest paid may be tax-deductible. (Be sure to consult a tax professional for details.)

It's simple to uncover what the current equity is in your home, just subtract your outstanding mortgage balance from your home's current value. Depending on the appraised value and the Community Central loan program selected, your equity could be a lot more than you originally thought.

At Community Central Mortgage Company our Home Equity Lines of Credit (HELOC) act just like a revolving line of credit with a variable rate that is similar to a credit card. You are able to withdraw and spend whatever your needs may require, up to your maximum credit line. Monthly payments are flexible.

Enjoy the freedom and flexibility of a reusable line of credit through Community Central, you can write yourself a loan at any time, for almost any purpose.

Find a location near you. Remember we will meet you anytime anywhere for a home loan.