Borrow Money When You Don’t Need It!

Filed under: Borrower Tips

Today’s topic is important – something that I can’t emphasize enough. Right now, there are record amounts of home equity. In the last year, there has been a good 20% increase in home values, which means equity continues going up.

Borrowing Money When You Don’t Need It

People are also flush with cash right now. It’s a good reminder to borrow the money when you do not need it. This point is true if you are a business owner or a homeowner & looking for opportunities down the road. Why not take advantage of the situation by getting yourself a Home Equity Line of Credit (HELOC)?

Here at Franklin Loan Center, we offer a few different types of HELOCs. The first option that I would suggest is to refer you to a standalone home equity line.

Preparing for Future Opportunities

I wanted to share this idea: when you need the money, you usually can’t get it. So, why not get a line of credit in place so you have the option if you need it in the future. It might be a year or two later, and you’ll be glad to have it available if you get an opportunity to invest in something or you need the cashflow for your business.

Today is Fed Day, and the Fed is clear about the fact that they are intervening in the economy – and who knows what will happen. Things could get crazy, and wouldn’t it be nice if you had access to quick, cheap money through a HELOC.

Need Help Getting a HELOC?

If you need help getting a line of credit, then give me a call. We’ve got some lines of credit, or I can give you a referral to other options. We can also help with cash-out refinances and other options. Reach out any time if you have questions about your mortgage.

Franklin Loan Center | NMLS 237653
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, 4131316
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