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Mortgage Financing

Entrepreneurs who have built significant equity in their homes can leverage it to raise capital for their business. Some of the benefits of using your home's equity to finance your business include:

	Less paperwork and quicker funding
	Easier qualification requirements than business loans (in most cases)
	The rates are currently very low
	The term of the loan can be as long as 30 years
	The interest may be fully deductible as a business expense if you can show the proceeds were used for business purposes

We can assist you in setting up a home equity line of credit. Sometimes all you really need is to lower your monthly mortgage payment. Refinancing your existing mortgage with a lower rate may mean you won't have to draw as much from your business to cover your family's living expenses.

Please consult with your accounting and tax professional to discuss the benefits and disadvantages of using the equity in your home to finance your business.

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