The advantage to the program is you only pay interest on the actual outstanding balance of the line of credit. All of Aberdeen's Lines of Credit are adjustable rate programs. We have programs that are tied to both the Wall Street Journal Prime Rate and the One Year Treasury Bond. When used for home improvements, there is generally no minimum time required for occupancy in the subject property. There is also no inspection requirements after the loan has closed.
Interest rates are very competitive and in some instances there are programs with no closing costs.
Aberdeen Mortgage has a variety of home equity loan programs for borrowers with less than perfect credit. Depending on the overall credit, employment and income situation we generally have a program to fit the needs of most borrowers. Apply Online or call today for more detail or a current rate quote. Copyright Aberdeen Mortgage 1996, All Rights Reserved.