Jennifer Streaks Financial Post
Home Equity Finance Options are a Great Choice for Homeowners
This post was sponsored by Capital One but the words and thoughts are my own.
A few months ago, in response to numerous questions about starting a business, I wrote a post about ways to obtain money to get started. I listed credit cards (if used wisely), borrowing money from family and/or friends (which can be awkward) and even dipping into savings or a 401K.
But did you know that you can also use the equity in your home? Yes, the equity in your home that you have built up over time can be used to start a business and for other big expenses.
And if you think about it, a home equity loan or line of credit can make a lot of sense. For one thing, instead of creating another bill, which is what you would do if you open a new credit card or take out a personal loan, you can even consolidate your debt into one fixed monthly payment.
If you’re not starting a business, but you are planning on renovating your home, a home equity loan or line of credit is an excellent way to get this done too. Using the equity in your home puts you in control, you decide how you much you want to use and when and you can also work out repayment terms that are comfortable for you.
Using your home equity can seem overwhelming and I would typically suggest including a financial advisor in your decision making process. But Capital One has made it much simpler to go through the entire process of pre-qualifying and applying on your own, too.
To get started with Capital One, visit capitalone.com/home-equity. Just by visiting the website, you can get your customized rate offer and estimated loan amount – with no impact to your credit score – and even begin the application process. It’s simple and there are no burdensome fees, either.
Whether you’re remodeling your home, consolidating debt, or starting a business, Capital One is there to help with simply smarter tools that help you choose the right option for your situation.
Why else should you consider Capital One? I trust them and I have used them myself for my business account. It pays to have a financial institution that you can trust and is on your side when making important financial decisions.
Visit capitalone.com-home-equity for more information today. And continue the conversation about great financial choices by following Jennifer on twitter @JStreaks and visiting her website at www.JenniferStreaks.com!