The - The flexibility to access available funds now and in the future
- A lower interest rate than many other types of credit
- The ability to select a monthly payment that fits their budget
Debbie and Rich need help financing repairs and improvements to their home. They need a source of funds to pay for ongoing expenses throughout the different phases of each project.
With The Wells Fargo Home Equity Account, they can:
- Access available funds from their line of credit to pay expenses over time
- Convert their outstanding line balance from a variable rate to a fixed rate advance
- Convert all or a portion of the outstanding line balance into a fixed rate for predictable monthly payments
- Pay no bank closing costs
- Benefit from interest that may be tax deductible
