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home owners can use
the equity value in their home to pay
for education. The funds can be used for any purpose ...
when needed ... as needed. |
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by changing the way you do banking, you can maximize the benefit of college financing by using your home equity as a bank:
view bank equity demonstration |
| Loan
Amount |
subject to the LTV value of your home |
| Payments Begin |
25-30 days after a line disbursement |
| Interest Rates |
variable and subject to your LTV position |
| No Restrictions |
can use funds for any expense |
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we recommend using your home equity line as a bank to fund and manage college expenses: see demo of bank equity program |
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use your bank equity to fund pre-paid credit cards for your student. The pre-paid cards can be used to pay tuition, books, fees, living expenses, and other miscellaneous expenses
— there are no restrictions on how funds can be used
see illustration of pre-paid credit card use |
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subject to the LTV position of your home — you can borrow up to your available credit line |
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funds can be borrowed as needed ... when needed — not all at once as you will find with
many other student loan programs |
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your credit line can be available within 15 days depending on the process speed of your lender |
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no FAFSA form or other federal forms required — you are not restricted by federal
loan limits or eligibility requirements
the home equity line is available
from year-to-year without submitting
loan application and qualification forms |
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satisfactory
credit history required |
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interest rates for home equity lines
can be as low or lower than the Prime
Rate depending on the home owner's LTV
position and credit rating — calculate
your LTV position |
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the interest costs for borrowed funds
may be deducted from your taxes if your
qualify — see your tax advisor
for further information
we
have an effective tax table for illustration at our affiliated site |
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More Information Available:
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