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NextHome Experts
15000 Madison Ave
Lakewood, OH 44107
Phone: (216) 423-5100

Thank you again for finding us this Great House! Tom and Beatrix Tyna (Bay Village)

In this market, it would be easy to throw up your hands and say it's close to impossible, just sit back and hope for the best, but not you. The marketing materials were great and the effort you put in helped to sell the house in an impressive amount of time. Thank you for your input to get the house looking its best and for helping with all areas of the sale. I can rest easy with planning my wedding knowing I have that checked off my list. When Chris and I head back to Cleveland, I will be the first one to look you up and use your services to find our new home. Yours Truly, Kate Plenzler (Avon Lake)

Your ambitious approach is very refreshing. Linda Wagenknecht (Lakewood)

Tony is the Professional in Realty Professionals. Lee Zapis (Bay Village)

Professional in every detail. Sensitive to our personal situation. Business ethics and moral values are to be admired, Does everything in his power to make what could be a highly stressful time in your life, a pleasurable experience. Donald and Betty Maxam (Huron)

A pleasure working with you. We think of you as a new friend. You are truly a professional. Zita and Ken Boitel (Westlake)

Your consistent communication, attention to detail and advice made the entire process a smooth one and one that I learned a great deal from. James Elios (Avon Lake)

I knew throughout the whole process that everything would turn out well because you were very honest and up front with me. You went above and beyond what any other Realtor would do. Robert W. Rosol (Fairview Park)

We couldn't be happier in our new home - could not have done it without you! Dennis and Michelle Pinozzi (Lakewood)

You were knowledgeable and taught me how to look at electrical, plumbing and structural things I never would have noticed. You also listened to what I wanted and helped me to narrow my search. I was treated with respect, something a single female does not encounter very often in the Real Estate market. Theresa A. Clarke (Lakewood)

Thanks again for all your help. I've told a lot of agents in my office what a super agent you are - a real professional. Judy Nupp - Howard Hanna (Rocky River)

Real Estate Tips

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Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Should I use HELOC to Lower My Debt Payments?

Input Information
Loan Information
Interest Rate : (%)
Length : (Yrs)
Closing Costs : ($)
Your Tax Rate : (%)
  Amount ($) Payment ($) Interest (%)
Auto Loan :
Boat/RV :
Credit Card 1 :
Credit Card 2 :
Other Accounts :
Financial Analysis (Switch to Plain English)
  Debt HELOC
Amount : $9,000.00
Monthly Payment : $910.00 $40.41
Average Interest Rate : 12.93% 3.50%
Payoff Timeline : 0 Yrs 11 Mts 30 Yrs 0 Mts
Total Monthly Payments : $9,567.93 $14,549.05
Total Deductible Interests : $0.00 $5,549.05
Avg Annual Tax Savings : $0.00 $48.09
Plain English Help (Switch to Financial Analysis)

HELOC stands for Home Equity Line Of Credit. HELOC is an option you might want to consider if you have certain amount in your home equity and your debt payments are more than you can afford to make each month. In addition, it can help you lower your interest rate on those same debts. To get an idea of how HELOC can affect you and your debt, let’s take a look at an example.

If you have $9,000.00 in debt from a variety of loans with different interest rates, it might take you 0 year(s) and 11 month(s) to pay it off if the average interest rate of these loans is 12.93% and you are paying $910.00 per month. With HELOC, you would have a 3.500% interest rate and your monthly payments would drop dramatically to $40.41, though it will take you 30 years to repay the debt.

By paying off your loans without HELOC, your $9,000.00 loan will cost you a total of $9,567.93 to repay. Through HELOC, it will total $14,549.05, though $5,549.05 of that is considered tax deductible interest. The interest payments made without HELOC are not tax deductible.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.