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Bank Equity Plan

Using Your Bank Equity to Finance College
and pay for education expenses — use the credit line as your personal banker to manage college money needs without federal forms and processing. You control the process.
(you can learn more - links scroll to information below)
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Bank Equity Plan for College:

Introducing the Banker Line of Credit

Banker Home Equity Line of Credit (BLOC)

You will use the BLOC as your personal money account to finance college and manage all income and expenses.

You will deposit into the account:

·  all income payments
·  all bonuses
·  all capital gains not reinvested
·  all cash payments
·  all other income

Likewise, you will use your BLOC to pay:

·  your mortgage payment
·  your insurance
·  your credit card payments
·  your living expenses
·  all other expenses

 

The BLOC will Maximize Your Money Position

Your BLOC will take your discretionary income (total income minus expenses) and use the proceeds to finance college, pay down your mortgage, help finance key projects, and pay for other needed events at minimum interest cost.

You will never make a payment to your BLOC since your income deposits will be your payment. And since HELOCs are based on simply interest, these deposits will force adjustments to your equity line balance ensuring you minimal interest charges.

we have a complete demonstration with illustrations on how the BLOC can work for you


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Bank Equity Plan for College:

Program Illustration

Effective Money Management

You can use the equity in your home to become a BANK
to pay for

  • tuition,
  • room and board,
  • books and supplies,
  • transportation,
  • and anything you need for college,

    by simply changing the ways you manage your money.

Instead of using your checking account to receive and payout funds, you will use your home equity line of credit account for all income deposits and expense payouts.

View the illustrations below:

1st: Use the equity in your home to finance college

Use your equity line to pay for:

  • pay tuition
  • pay room and board
  • pay for supplies
  • pay for misc. needs

2nd: Deposit all of your income into your banker home equity line of credit account

You will take all of your income sources and deposit them into your equity line account instead of your checking account. You will deposit:

  • salary income
  • capital gains
  • savings
  • spare change

3rd: Now use your banker home equity account to pay family expenses

Use your banker home equity account to pay for everyday budgeted and planned expenses such as:

  • monthly utilities
  • food and clothing
  • mortgage payment
  • budgeted charges
  • other living expenses


use it like you would
use your regular
checking account
to pay for everyday
living expenses

Benefit: Your discretionary income pay offs your business borrowing costs FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the college debt balance on your equity line.

Over time, you will be able to pay off your equity line in half the time by budgeting and managing your banker home equity line.

You can use your banker account to finance all kinds of family needs including paying off your mortgage.

Where to Next

Note: The recommended product, term and use are listed as illustrative purposes on how you might use the equity in your home. Please note that your circumstances may be different and that the recommended product, term and use may not fit your particular need.

YourEquity.com is not a lender. Therefore, we cannot quote rates or guarantee best terms. We refer applicants interested in getting a lending quote to Secure Rights, a licensed mortgage broker representing multiple home equity lenders.

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Student Loan Application

ABOUT COLLEGE FINANCING

Disbursement Period:
07/01/06 to present
Stafford Student
(fixed rate)
6.80%
PLUS Loans
(fixed rate)
8.50%
Private Student
(variable rate)
see rates
Other Disbursements:
see rate chart