A Home Equity Line of Credit is a revolving line of credit that is linked to the equity you have in your home. You get cash on an as-needed basis and it works similar to a credit card. Homeowners utilize these lines of credit for consolidating debt, vacations, home improvements and down payments for the purchase of investment property. This loan may also have potential tax benefits.
When to choose this type of loan:
· If you want access to funds when you need them, instead of a large lump sum
· If you want your minimum payments to adjust down when you pay down your balance
Benchmark Lending Group, Inc. is an Equal Housing Lender. 
