Utilice su vivienda como ventaja con una línea de crédito sobre el valor acumulado de la vivienda. Ya sea si necesita un adelanto de efectivo rápido o busca financiar reparaciones de la vivienda con un préstamo hipotecario sobre el valor de la propiedad, Comerica tiene las soluciones convenientes y flexibles para su situación particular.1
Líneas de crédito
Comerica Home Equity FlexLine® le facilita alcanzar sus metas financieras. Aumente el valor acumulado de su vivienda con una línea de crédito que ofrece adelantos de efectivo y le permite pedir lo que necesite, mucho o poco2, en forma renovable con varias opciones de bajo interés y bajo pago3. Mantenga la flexibilidad financiera con Comerica Home Equity FlexLine.
Las características incluyen:
1 All loans are subject to credit approval. Consult your tax adviser for further information regarding the deductibility of interest and charges.
2 The minimum Comerica Home Equity FlexLine draw by check is:
Michigan Plan: No minimum
Arizona Plan: No minimum
Florida Plan: No minimum
California Plan: No minimum
Texas Plan: $4,000
3 Home Equity Lines of Credit Interest-Only Payment Feature – Is It for You?
What is an Interest-Only Payment Feature?
An interest-only payment feature allows you to pay only the interest for a specified number of years. After that, you must repay both the principal and the interest.
When Might an Interest-Only Payment Feature be Right for You?
Interest-only payments may be risky if you won’t be able to afford the higher monthly payments in the future. However, if you have modest current income but are reasonably certain that your income will go up in the future (for example, if you’re finishing your degree or training program), interest-only payments may be right for you. Be sure you understand the loan terms and the risk you face. And be realistic about whether you can handle future payment increases. If you’re not comfortable with these risks, ask about another loan product.
Interest-Only Payment Changes
Your payment amount could increase significantly during the draw period if the Annual Percentage Rate increases to a maximum of 18%. In addition, your monthly payments will increase when your account goes into repayment.
Payment Shock
Your payments may go up a lot — as much as double or triple — after the interest-only period or when the payments adjust.
Prepayment Penalty
Extra fees may be due if you pay off the line of credit early. Ask us if there is a prepayment penalty.
