New Hampshire Home Equity Loans
Home equity loans and home equity lines of credit are readily available through quality lenders in New Hampshire. Homeowners from New London (03257) to Salem (03079) are tapping into their home’s equity to finance a variety of projects and initiatives. For example, a homeowner in Richmond (03470) interested in adding a new roof could use a home equity loan to finance the project. A home equity loan in New Hampshire offers a fixed rate and a pre-determined repayment schedule. The borrower receives a lump sum of money best used toward large, one time projects.
For homeowners anticipating perpetual expenses such as ongoing medical bills, college tuition or multiple home repairs; a home equity line of credit (HELOC) may be a better option. A home equity line of credit is ideal for those who need to make multiple payments, possibly over a period of time. A variable rate home equity line of credit (HELOC) is a revolving line of credit where the borrower only repays the amount of money drawn against the line.