Product Features — Home Equity Line of Credit

If you expect certain borrowing needs that may vary over time, or if you have a home project that could take months or years and has uncertain costs associated with it, a home equity line of credit may be the right solution. With a home equity line, you borrow against your available equity the same as you would with a home equity loan, but with more flexibility as you draw on the credit line during the draw period just by writing an access check.¹

With a home equity line of credit from Edward Jones Mortgage, you should consider the following:

• The interest paid may be eligible to be deducted on your personal taxes²
• You may be eligible to borrow up to 100% of the value of your home³
• The closing costs are typically lower than the costs for refinancing a mortgage
• Provides ongoing access to your home's available equity with flexible payment and rate options
• Variable-rate line of credit with the option to convert all or a portion of your outstanding line balances to a fixed interest rate, fixed-term payment.
• 10-year draw period with a repayment period of 15 or 30 years, depending on the unpaid line balance
• Minimum line amount is $10,000 up to $500,000 on a primary residence

If you have mortgage or home equity questions, call Edward Jones Mortgage at 1-888-304-9242.

¹Check access method is not available in Texas.

²Consult your tax adviser regarding the deductibility of interest.

³Texas homestead accounts are subject to a maximum of 50% fair market value or 80% of the combined loan to value (CLTV), whichever is less.

Financing is provided by Edward Jones Mortgage, LLC, an affiliate of Edward Jones.  Edward Jones Mortgage, LLC is licensed by the Department of Corporations under the California Residential Mortgage Lending Act, is licensed by the New Hampshire Banking Department.  Edward Jones Mortgage, LLC may not be available in your area.  Equal Housing Lender. ©2007 Edward Jones Mortgage, LLC.  All Rights Reserved.