Home Equity Lines of Credit Kentucky

If you own a home, chances are that you have built up equity. Equity is the difference between what the home is currently worth and the current principal balance of your home mortgage loan. You can use the equity in the form of a home equity line of credit.

Local Companies

Laurel National Bank
(606) 864-9500
London, KY
U S Bank
(859) 232-8181
2020 Nicholasville Rd
Lexington, KY
Bank of Kentucky the
(859) 441-3302
25 N Fort Thomas Ave
Fort Thomas, KY
Community Trust Bank
(606) 874-0408
6424 Ky Route 1428
Pikeville, KY
Chase
(859) 231-2607
361 Romany Rd
Lexington, KY
National City
(859) 885-2031
Nicholasville, KY
National City
(270) 745-9350
Bowling Green, KY
West Point Bank
(270) 369-7330
101 S Walnut St
Upton, KY
Natcity Investments
(502) 223-2897
1389 US Highway 127 S
Frankfort, KY
U S Bank
(502) 240-6226
12611 Taylorsville Rd
Louisville, KY

If you own a home, chances are that you have built up equity. Equity is the difference between what the home is currently worth and the current principal balance of your home mortgage loan.

You may choose to utilize the equity in your home in the form of a home equity line of credit. This increasingly popular loan allows you to borrow money against the equity you have built in your home for anything from college payments to home improvements and remodeling to vacations to credit card debt.

Most major banks will now write home equity lines of credit loans. Simply contact your bank of choice by phone, in person or over the Internet for details on how to apply for a home equity line of credit loan.

Once you have received your home equity line of credit, there are a number of ways you can use it.

  1. Through a home equity line credit card. Many banks will offer you a credit card with either a Visa or MasterCard logo that will be charged directly to your home equity line of credit. The card is used just like any other credit card, with the difference being that the balance will show up on your equity line of credit balance.

  2. By home equity line check. The loaning bank will also provide you with a checkbook that will access your home equity line of credit. The checks are written just like any other check, but like the credit card, the balance will be transferred to your equity line of credit.

  3. Transferring money to your checking or savings account. If you have a checking or savings account, you can also transfer cash from your equity line of credit to your checking or savings account for use.

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Author: Brad Halvorsen

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Related Articles
- Home Equity Loan Kentucky
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- Home Equity Loans For College Kentucky
- Shopping Home Equity Loan Rates Kentucky
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