What can I do with my home equity?

• Tapping the equity in you home allows you to pay for almost anything for which you could use the extra funds, such as:
  
  - home improvement projects
  - college tuition payments
  - vacation expenses
  - investment opportunities
  - a financial cushion, in case of emergencies
  
  You can tap your home equity by refinancing your first mortgage loan and pulling cash out of the property, by obtaining a second mortgage (usually called an equity loan) or by obtaining a revolving line of credit which can be used over and over again as you pay down the balance over time - an equity line. Crestar Mortgage Corporation offers equity lines of credit in conjunction with your first mortgage or as stand alone products which you can get without having to change the terms of your current first mortgage.

To Learn More Just Click Away - You will be transferred to one page where you can read on all of the below.

• Why is an equity line an advantageous financing tool?
• What are the different types of home equity lines are offered?
• When is an equity line a good choice versus an equity loan?
• How much can I borrow?
• What's the minimum I can borrow?
• How long can I have to pay back the line?
• How are my monthly payments calculated?
• Where can I find qualified contractors to help with the home improvements I want equity to help finance? Find out more Homepoint.com