Latest #arizona Posts
- Last few days checking out this crazy place with the fam. Definitely pulled a few cactus needles out of my pants on this walk. Thanks mom and dad for showing me around and the sweet pic 🌵😊🤷♂️❤️ #feelslikemars #cactus #gvtp #arizona
2 hours ago
- The semester is off to an amazing start! We have loved seeing all of you back in classes! Have you heard about our campaign to improve our studio space? “We've had an awesome 3 years in our wonderful building! And as much as we love it, it's gotten to the point that it needs some work. This work will address temperature control! We need to keep it cooler in the summer and warmer in the winter”. Consider following the link in our bio to see our plan to improv our space and consider donating! We appreciate everyone’s support in “Keeping Circus Cool!”
2 hours ago
A HELOC is the acronym for a home equity line of credit. A HELOC works like a credit card, but it is secured by your home. You can borrow against it, and then pay it down, just like a credit card.
If you have equity in your home, but you need some cash to consolidate debt or make home improvements, then you would consider a HELOC.
Many people today consider HELOCs instead of taking cash out and refinancing their home because they do not want to lose the low interest rate they have on their mortgage.
You may also want a HELOC even if you don't need the funds now. You don't have to draw on it, but you can have the line available in case you need emergency funds.
A HELOC is typically a variable rate loan based on the prime rate plus a factor (e.g. the rate can be prime + 1 or prime + 1.5). The loan has a 30-year term, and the first 10 years are interest-only. There is not a pre-payment penalty, but there may be an early termination fee of several hundred dollars if closed early. Also, there may be an annual fee, usually less than $100.
If you are considering a HELOC, give us a call and we can help you decide if it is right for you!
We offer a variety of products and services, ask us how we can assist you today:
Counsel Mortgage Group®, LLC
AZ MB #0909580
CA DBO #60DBO43873
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2 hours ago