A home equity line of credit is a fantastic tool to take advantage of the equity in your home to improve your overall financial health.  A home equity line can be used to consolidate debt and reduce overall monthly payment.  Another common use for an equity line of credit is for home improvement.

The third most popular use for a home equity line of credit is for an investor to become a ‘cash-buyer’.  A qualified investor can get quick access to money through an equity line on a primary residence.  The process is very simple and can close within as little as five days.

Once the line of credit process is completed, the money is directly deposited into your bank account.  After the funds are in your account – that can turn you into a cash buyer.  As a cash buyer you have an immediate leg up on competitors whose offers require bank funding.

The line of credit is the perfect vehicle for real estate investors.  With the funds from the line of credit and investor can move quickly if the right property comes to market.  The home equity line of credit can also be highly useful if an investors needs funds to complete repairs or upgrades to a property.

When the home equity line of credit is attached to your primary home, there is no appraisal required.  There is also minimal income documentation required.  The process for the line of credit is quick and painless and can be wrapped up in as little as 5 days.