Longer days bring more possibilities - and a Home Equity Line of Credit (HELOC) can help turn your plans into reality! Summer is truly peak renovation season. As homeowners tackle their to-do lists, they often face major financial decisions, such as requesting estimates, securing financing, and balancing their budgets. While a HELOC is commonly associated with adding value to your home, its potential goes far beyond that.
A HELOC is a secured line of credit that allows homeowners to borrow against the equity they've built in their homes, offering the flexibility to borrow as much—or as little—as needed.
Thinking about launching that side hustle you've been putting off for years? Or maybe your current business could use an upgrade. With better interest rates than many traditional loans, a HELOC is a cost-effective way to invest without straining your savings.
Perhaps you've been eyeing a vacation home on Zillow or are ready to dive into real estate investing. Don't limit your dreams—or your HELOC! If you're considering a second home or rental property, a HELOC can provide the financial flexibility to grow your portfolio.
Another popular use for a HELOC is debt consolidation. Rolling multiple debts into a single payment can often save you money in the long run. Using HELOC funds to pay off high-interest credit cards or personal loans can positively impact your credit and overall financial health.
With Telhio's rate as low as 7.50% and loans ranging from $7500 up to $200,000, the possibilities are endless! To learn more about Telhio's HELOC options or to take advantage of this exclusive offer, visit us in-branch, online, through the Telhio mobile app, or call us at 614-221-3233.
