HELOC & Business Line of Credit
What is HELOC?
HELOC is a secured form of credit in which your house is used as a guarantee by the lender that you will pay off all your credit.
What is a Business Line of Credit?
A Business Line of Credit in simple words stands for getting a cash credit from a bank in which your Business is used as a guarantee by the lender to ensure that you will pay off all the amount.
HELOC and Business Line of Credit is a revolving source of funds that you can access when you choose (much like a credit card). We can help you get Home Equity or Business Line of Credit by providing you with a low-interest rate to help you resolve your financial issues.
What are the Benefits of Line of Credit?
- The interest rate will only be charged on the amount you utilize.
- Since the required amount is withdrawn, it keeps your monthly payments lower.
- You can pay off the borrowed amount whenever desired.
- It provides you financial flexibility.
- The amount from the Line of Credit can be used to pay off existing loans with higher interest rates.
- There is no usage fee or restrictions on the usage of the funds
- It is a secured loan that offers lower interest rates than credit cards or unsecured loans.
With several years of experience in the industry, the Infinite Mortgage Solutions team can help you provide the best Heloc or Business Line of Credit products.
Download the checklist provided below in order to get started.