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Line of Credit |
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NEED SOME EXTRA CASH
BUT DON'T WANT TO REFINANCE AND AFFECT THE RATE ON YOUR FIRST? THEN, THIS
IS THE LOAN FOR YOU! |
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Example: Let's assume your have been approved for a line of credit in the amount of $100,000. You have decided that you want to buy a car and pay off some bills (using your home to increase your tax deductions ... smart move)! Here is how it would work: |
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LINE OF CREDIT AVAILABLE (assume the rate is @ prime or 8.5%) Pay off high interest rate credit cards which might currently be 14%-19% Purchase a new car or van THE TOTAL USED IS ONLY: YOUR PAYMENT IN THIS CASE IS BASED ON $30,000 @ 8.5% AND IS AS LITTLE AS $212.50 PER MONTH |
$100,000 $8,000 $22,000 ----------- $30,000 |
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PLUS you still have $ 70,000 available to use at a later date for whatever your heart desires. Just write a check out of your line of credit checkbook. This loan may become a tax write-off because you have used the equity in your home (Check with your accountant to verify your tax deduction) |
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To simplify your
life, we can take the application over our website or the telephone,
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With great rates and
programs, we are here to serve you!
DONT DELAY CALL TODAY! 877-731-4398 |
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