Total Equity Plan

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Total Equity Plan (TEP): Unlocking Your Home’s Value

The Total Equity Plan (TEP) offered by Leonard Trust is a comprehensive financial solution that allows homeowners to leverage the equity in their property to access funds for various financial needs.

How TEP Works

  • Mortgage Component: The TEP combines a traditional mortgage loan for a portion of your home’s value.
  • Line of Credit: It also includes a revolving line of credit secured against the equity in your property.

Key Features of TEP

  • Access to Equity: Tap into the accumulated equity in your home to address financial requirements.
  • Flexibility: Use the line of credit when needed, paying interest only on the amount utilized.
  • Revolving Credit: As you repay the borrowed amount, the available credit line replenishes, providing ongoing access to funds.

Benefits of TEP

  • Financial Flexibility: Access funds for home renovations, education expenses, investments, or other financial needs.
  • Interest Savings: Pay interest only on the amount used from the line of credit, potentially reducing overall interest costs.
  • Convenience: Enjoy the convenience of a revolving line of credit without the need for reapplying for loans each time funds are required.

Who Can Benefit from TEP

  • Homeowners with Equity: Those who have built up equity in their homes can benefit from this flexible financing solution.
  • Varied Financial Needs: Ideal for homeowners seeking funds for ongoing expenses or planned investments.

Consulting Our Experts

To explore how the Total Equity Plan can work for you or to understand if it aligns with your financial goals, schedule a consultation with a Leonard Trust mortgage advisor. Our experts can provide tailored guidance and discuss how TEP fits into your overall financial strategy.

Unleash Your Home’s Potential

Unlock the value in your home with the Total Equity Plan from Leonard Trust. Access the equity you’ve built up in your property to address financial needs, achieve goals, and make the most of your homeownership journey.