Ron M.
2023-03-17"Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him."
A HELOC mortgage loan, or Home Equity Line of Credit, is a type of loan that allows homeowners to borrow money against the equity in their homes. Essentially, a HELOC is a revolving line of credit that can be used for a variety of purposes, such as home improvements, debt consolidation, or emergency expenses. Call Dale today at (541) 513-9000 for your HELOC loan today.
Pros:
1: Flexibility: Borrowers can access funds as needed and only pay interest on what they use.
2: Lower interest rates: HELOCs typically have lower interest rates than other types of loans, such as credit cards or personal loans.
3: Tax advantages: In some cases, the interest paid on a HELOC may be tax deductible.
4: No closing costs: HELOCs typically don’t require closing costs or fees.
5: Access to large amounts of money: Depending on the equity in the home, borrowers may be able to access significant amounts of money.
Cons:
1: Variable interest rates: HELOCs often have variable interest rates, which can make budgeting difficult.
2: Risk of foreclosure: If a borrower is unable to make payments on a HELOC, they could risk losing their home through foreclosure.
3: Upfront fees: While HELOCs don’t typically have closing costs, they may have upfront fees such as appraisal or application fees.
4: Limited availability: Not all lenders offer HELOCs, and eligibility requirements can be strict.
5: Market fluctuations: The value of a home can fluctuate over time, which could impact the amount of money a borrower can access through a HELOC.
LET’S PLAN YOUR HELOC MORTGAGE TODAY
Testimonials
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Ron M.Ron M.55stars"Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him."
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Carlos & Aubrey R.
2023-03-17"Buying a home is incredibly stressful, and for someone without a financial background securing a mortgage is the most confusing part. For some crazy reason we have put ourselves in the buying/selling position multiple times in the past 5 years...
Carlos & Aubrey R.Carlos & Aubrey R.55stars"Buying a home is incredibly stressful, and for someone without a financial background securing a mortgage is the most confusing part. For some crazy reason we have put ourselves in the buying/selling position multiple times in the past 5 years...
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Steve & Shanon M.
2023-03-17"We were looking at available options for possibly selling or refinancing our home. We initially tried working with our financial institution, but became frustrated at their inflexibility & disorganization. We decided to reach out to Dale b...
Steve & Shanon M.Steve & Shanon M.55stars"We were looking at available options for possibly selling or refinancing our home. We initially tried working with our financial institution, but became frustrated at their inflexibility & disorganization. We decided to reach out to Dale b...
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Emily M.
2023-03-17"I have been working with Dale for 21 years. He has taken part in the purchase of each of my properties both personally and professionally. He always responds quickly and with concise instructions on what is needed for my next investment. Throu...
Emily M.Emily M.55stars"I have been working with Dale for 21 years. He has taken part in the purchase of each of my properties both personally and professionally. He always responds quickly and with concise instructions on what is needed for my next investment. Throu...
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Valerie G.
2023-03-26"I confidently endorse and recommend working with Dale DeShaw. I have been fortunate to work with Dale three times in the past five years for financing and refinancing properties and not only has it had a positive financial yield but it was a p...
Valerie G.Valerie G.55stars"I confidently endorse and recommend working with Dale DeShaw. I have been fortunate to work with Dale three times in the past five years for financing and refinancing properties and not only has it had a positive financial yield but it was a p...
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Chris H.
2023-04-14"I have had the great fortune to be able to work with Dale several times over the last 20 years. Dale patiently walked us through our first home purchase, then a refinance when the rates dropped to the purchase of a brand new home. Dale always ...
Chris H.Chris H.55stars"I have had the great fortune to be able to work with Dale several times over the last 20 years. Dale patiently walked us through our first home purchase, then a refinance when the rates dropped to the purchase of a brand new home. Dale always ...