HELOC and HELOAN 2nds

Your home is more than just a place—it’s a powerful financial asset, at the Michelle Thompson Group we help homeowners leverage their home equity to fund life’s big moments, from dream renovations to educational pursuits and beyond. Our Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) options give you the flexibility and stability you need to take control of your financial future without effecting the interest rate on your current mortgage.


What is a HELOC?
A Home Equity Line of Credit (HELOC) provides you with access to funds by leveraging your home’s equity. Think of it as a financial safety net or a tool for planned expenses. With HELOCs, you can borrow as needed and only pay interest on what you use—offering unmatched flexibility

Benefits of a HELOC:
    ✔️Flexible borrowing: Withdraw funds as required.
    ✔️Lower interest rates compared to credit cards. 
    ✔️Ideal for ongoing projects or unexpected expenses.

What is a HELOAN?
A Home Equity Loan second mortgage (HELOAN) provides a lump-sum amount borrowed against your home’s equity. It’s perfect for covering major expenses with predictable payments and fixed interest rates.

Benefits of a HELOAN:
     ✔️Fixed interest rate and payments.
     ✔️Perfect for one-time expenses.
     ✔️Stability in planning your finances.


Which Option Is Right for You?
Choosing between a HELOC and a HELOAN depends on your financial needs and goals:
HELOC: Best for ongoing access to funds and financial flexibility
HELOAN: Best for large, one-time expenses with structured payments.
Our team is here to guide you through the process and help you decide which option suits you best.

At the Michelle Thompson Group, we prioritize your financial well-being. We offer personalized advice, competitive rates, and a seamless application process. Whether you're renovating your dream kitchen, paying for education, or consolidating debt, we're here to make your financial journey smoother 

Ready to tap into your equity? Contact us today to learn more about home equity lines and loans and find the perfect financing solution for you!