Home Apply Now Realtor Search Calculators FAQ Site Map  
 
Find A Realtor  
 
City
Zip
 
 
 
Apply for a Loan  
-
-
-
-
-
-
-
-
-
 
Mortgage Calculators  
-
Bi Weekly Mortgage
-
Loan Payoff
-
Refinance
-
Amortization
-
-
Rent Vs Buy
-
-
Tax Savings
-
-
Arm Vs Fixed Rate
 
Site Resources and Tools  
-
Cities We Serve
-
Florida Realtor Search
-
-
Mortgage Glossary
-
-
About Us
-
Contact Us
-
Directory
-
Privacy Policy
-
Site Map
 
 


 

Florida Home Equity Loans

The property values in Florida have sky rocketed. In just the past year alone, median home values have increased from $165,000 to the current value of just over $254,800. With increased property values comes increased equity, or cash, available to you through a home equity loan.

Home equity loans, especially here in Florida, are a great way to make large purchases, payoff debts, or even make home improvements. For example, you can take a five year home equity loan to buy a car. In most cases you will pay much less interest than you would with the dealer and because it is a home loan the interest you do pay could very well be tax deductible.

A home equity line of credit, or "HELOC", is the most preferred loan when making home improvements. It works just like a credit card, with your payment in direct correlation to the amount of money you spend, HELOC's can help to keep improvement costs down.