YourEquity.com

Loan Summary and Benefits

SUMMARY They Grow Up Fast! Only yesterday it seems, they were learning to read. Now they will be packing the car for college. It's an exciting time for them. But for you, it's all about cost? tuition and fees books and lab fees monthly housing and food recreation transportation trip home for the holidays We have a solution Use the equity in your home to pay college expenses as they occur. And while you're at it: fix up the room that is now empty consolidate some bills finance the car your child will use you decide: ____________________

 

WHY EQUITY LINE Using your home equity as a "College Educator" lets you finance college expenses as they occur. Instead of borrowing the full amount for college, simply use your "home equity line of credit" to advance the funds as you need. You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. You won't find similar benefits with other college funding products. Consult your tax advisor to see if you qualify. You can use the line whenever you need. It's like becoming your own banker. Simply advance money to pay for college expenses ... when you need ... as you need.

 

BENEFITS get a line of credit: open a line of credit up to your approved LTV level — calculate how much you can borrow anytime access: access your account as you need . . . when you need payment flexibility: pay minimum monthly payments or any additional amount when you have extra cash re-use the line as needed: pay down the account to zero with no prepayment charges and reuse the line over again up to your approved available balance tax benefits: deduct interest charges from your taxes if you qualify — view your effective tax rate savings competitive rates: get competitive adjustable rates as low as the PRIME RATE — see our rate page for information benefits can vary: benefits may vary by lending institution: view our summary notes of product features and terms

 

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Account Management Suggestions

How You Might Use Your "College Educator"

1. Start with an approved home equity line
   account from a lending institution
2. Transfer an advance from your equity line account
   from your equity line account to your child's personal pre-paid credit card (budget controlled by the amount you load to the card)
   
   see how the pre-paid card can be used for college
3. Have the student use the pre-paid card
   to pay for school expenses such as:
   
   

   ·	tuition
   ·	books and supplies
   ·	class fees
   ·	travel and transportation
   ·	living and all other expense

4. Your student can use the pre-paid card:
   
   

   ·	withdrawal funds from any ATM machine
   ·	make retail purchases at any merchant that accepts Visa® or MasterCard ®
   ·	transact online purchases with fraud protection
   ·	the amount on the card is limited by the amount loaded to the card
   ·	daily transactions and monthly statements are available online so that you can monitor your student's financial activity

   
   apply now for your personal pre-paid card (approval guaranteed)
5. When your student graduates
   you can simply close the credit line account and convert any existing borrowed amount over to a fixed-rate home equity loan at a specified repayment term or turn it over to a banker credit line to payoff the education expense and manage your money.

Now What are the Benefits:

1. Your student will not be restricted by the number of times they can access your money since one advance can be loaded to the card with unlimited access privileges.
2. You can budget the amount the student uses and monitor your student's financial activity to ensure fiscal responsibility and need
   
3. Your student can avoid going into debt by refusing credit card solicitation offers made to students by credit card companies.
4. Your student can use the pre-paid card at participating merchants without exposing your equity line account to potential fraud and mishandling.
   
   
   Hey!, it looks like you have become the smart banker.

   Apply now and let's search for the right lender or dial toll-free: 1-877-777-1370

How to Use Stories:  Financing Your Child's Education

Your child starts college. What to do?

Your child is going to college. It's important to advance one's education.

But are you prepared for the cost?

• Tuition
• Housing
• Transportation
• Books and lab fees
• Recreation
• A trip home for the holidays.
  
  Scholarships will help. So will federal financial aid and summer work programs. But the high cost of education may force you and your child to look elsewhere to cover the full cost of college.

Don't Forget Your Equity

That is where our Home Equity Line of Credit can help. You can use the equity in your home to finance your child's education.

You become your own banker. Borrow the exact amount you need (up to your available credit line limit), as many times as you need, whenever you need, without incurring access charges or loan processing fees.

The interest charges on your equity line are much lower than many other financing arrangements. And the interest you pay may be deducted from your taxes if you qualify — additional cost savings. Speak with your tax advisor to see if you qualify for the mortgage tax deduction.

The Home Equity Line gives you total flexibility and control.

Unlike other education financing arrangements. You can set your own repayment schedule by paying the minimum payment each month or by paying a little extra. It's up to you.

Apply now for a Home Equity Line of Credit as your "College Educator"

How to Use Stories:  Managing Their Finances

How to Help Your Student Manage Their Finances

It's tough growing up. There's much to learn, especially personal financial management. Your college student will need a money account to pay for basic living expenses.

Many financial institutions offer a FREE self-service checking account for college students. These accounts has been designed for the out-of-town student who needs access to a vast network of ATM machines.

You should become a joint cosigner on the account so that you can monitor your student's activity.

Get the Pre-Paid Card to Control Funds

First, the pre-paid card functions just like a credit card:

because the Card is accepted at any merchant who accepts credit cards. Unlike a paper check, your student will not have to present ID to make a purchase.

Second, the Pre-Paid Card works like a check:

because all purchases are deducted from the money amount loaded to the card. This protects you, the parent, from paying excessive credit card fees on credit card lines that can be abused.

Third, you can monitor the account

using the institution's online banking. That way you can ensure that the funds are used properly with additional funds loaded to the card as needed.

You can see a quick diagram how the pre-paid card works. Click here for more information.

How should you finance your home improvement?

Use your Home Equity Line of Credit to advance yourself money instantly to buy materials, pay a contractor, or pay off existing home improvement or other debt.

You select your repayment terms: minimum amount required or an extra amount to payoff your account balance quickly. You decide.

You will pay interest only on the funds that you borrow, which interest rate is much lower than many other financing arrangements. And the interest you pay may be tax deductible — additional cost savings. See your tax advisor for information.

Now that's smart financial management!

Apply now for a Home Equity Line of Credit as your "College Educator"

How to Use Stories:  Add a Room After They Leave

You Decide to Add a Room After They Leave

Are you thinking of adding or renovating a room after your college student flies the coop? Or perhaps it's time to remodel the kitchen?

Home renovation costs can add up. You may need to finance the project. But how?

You could borrow the entire amount at once with a home improvement loan. That means using a portion of the money to pay the contractor's first installment, and then tucking away the remaining amount until the project is finished.

One problem. The amount you tuck away is costing you money. Another problem is estimating the amount to borrow.

What if the cost of the project goes up? Or you decide to add some extra features? Going back to the bank to borrow more money can add to your total financing cost.

There is a better solution.

Use your home equity line of credit to finance the project.

Borrow the exact amount you need (up to your available credit line limit), as many times as you need — whenever you need — without incurring access charges and loan processing fees.

Pay the builder once, and then again throughout the project by simply writing the amount you need using your equity line access checks.

And if you find that you need more money for the extra features, no problem. You can borrow again up to your available credit line without speaking to the bank.

You will only pay interest on the amount you borrow, which is much lower than many other credit arrangements. And the interest you pay may be tax deductible — additional cost savings. Speak with your tax advisor to see if you qualify for the mortgage tax deduction.

You can set your own repayment schedule by paying the minimum payment each month or by paying a little extra. It's your choice.

Using your home equity line of credit as a "College Educator" and "Home Renovator" gives you total flexibility and control

. . . cash as you need it, when you need it.

Apply now for a Home Equity Line of Credit

Note: The recommended product, term and use are listed as illustrative purposes on how you might use the equity in your home. Please note that your circumstances may be different and that the recommended product, term and use may not fit your particular need.

YourEquity.com is not a lender. Therefore, we cannot quote rates or guarantee best terms. We refer applicants interested in getting a lending quote to Secure Rights, a licensed mortgage broker representing multiple home equity lenders.