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A powerful tool for NEA Members...
Home Asset
ManagementSM Account1
The Home Asset
Management Account is a home equity line of credit that's taken
out simultaneously with a new first mortgage or a refinance. As
your home increases
in value, or the mortgage is paid down, the home equity line of
credit automatically increases. It offers you:
- Smart
money management
A
first mortgage combined with a home equity line of credit gives
you the tools you need for sound financial planning
- Convenient
access to your home equity
You can access your growing equity as you need it, without applying
for
additional loans
- Timely
information
Detailed quarterly and annual reports help you track important
changes in your equity
Best for
members who:
- Desire the
financial control and flexibility that comes with ongoing access
to their equity
- Want a credit
line that regularly reflects equity increases, giving them access
to their home equity as it grows
- Prefer to
finance major expenses using a tax-smart alternative to installment
loans*
If the Home
Asset Management Account sounds right for you, call the NEA Home
Financing Program® at:
1-800-NEA-4-YOU (1-800-632-4968).
1. Home Equity
financing provided by Wells Fargo Banks. Members FDIC. Equal Housing
Lenders. ©2005 Wells Fargo Banks. All rights reserved.
*Consult your
tax advisor regarding the deductibility of interest.
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