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    Santa Clarita Real Estate, Does A HELOC Make Sense?

    Santa Clarita real estate, the HELOCDoes a HELOC make sense for your Santa Clarita real estate. A HELOC (Home Equity Line of Credit) makes sense if you have equity in your home and need a bit of cash for a remodel, vacation, tuition payment, or other item, only if it adds up in your favor. A HELOC is a revolving line of credit that afford you the luxury of drawing on it as time and needs warrant. If you have equity in your Santa Clarita Property a HELOC can be a great loan.

    Here are a few things to consider before going through with a HELOC:

    Fees. If you are simply considering a HELOC but not certain that you will accept it of you are accepted keep in mind that you may be charge the fees associated with it. These fees can include the cost of an appraisal on your Santa Clarita home, an application fee, points, closing costs, and transactions fees.

    Mortgage interest deduction. Typically up to $100,000 can be deducted for on a tax return.

    What is the term length of the HELOC?  If the HELOC is a three year term and you borrow the full amount you need to realize that the full amount will need to be repaid at the end of the three years.

    These are a few basics connected to a HELOC, doing your homework is of the utmost importance before deciding on a real estate loan. Contact us today to learn more about a HELOC, as well as to have access to some knowledgeable Santa Clarita lenders. As experienced Santa Clarita Realtors we have a web of connections to help home owners, sellers and buyers in the Santa Clarita Valley.

    Contact us at Remax Santa Clarita today to learn more about Santa Clarita real estate, as well as to have free access to the Santa Clarita MLS and all Santa Clarita properties that are currently listed for sale.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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