If you own a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity.
With a home equity loan or home equity line of credit from Prudential, you can borrow against the value of your home. This could be a good strategy for you if you need to get extra money to pay for a large expense.
Everybody has unexpected expenses, cash shortfalls, home repairs or large purchases to make. Instead of cashing in stocks or other investments that may increase in value over time, you can use the equity in your home. You’ll get a low interest rate and the flexibility of low monthly payments.
The amount of equity you currently have in your home will determine the Home Equity Loan value. Consult with Prudential to determine your estimated credit limit or loan value amount.