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Home Equity Loan:
A Home Equity Loan Might Be the Answer to Your Cash Needs
Telcoe understands that a home is much more than a roof overhead.
Years of personal investment and hard work will provide you with
equity. A home equity loan can help you reap some of the benefits
of your investment when you most need it.
The market value of your home versus the mortgage expenses will
determine how much you have available to borrow, should the need
arise. You may even be able to deduct the interest on a home equity
loan from your taxes.
Consult with your tax advisor regarding the deductibility of interest
on your home equity loan.
The maximum home equity loan is $50,000. The appraisals and underwriting
fees are based on the loan amount and term requested. For exact
quotes, just call a mortgage officer and they will answer any questions.
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