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Home Equity Line of Credit Hobbs NM

Looking for information on Home Equity Line of Credit in Hobbs? We have compiled a list of businesses and services around Hobbs that should help you with your search. We hope this page helps you find information on Home Equity Line of Credit in Hobbs.

Bank of America - Hobbs Moter Branch
(800) 432-1000
401 East Bender
Hobbs, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Wells Fargo - Hobbs Branch
(866) 245-3452
1910 North Turner St
Hobbs, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Hobbs
(575) 391-3600
1910 N Turner St
Hobbs, NM
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 09:00 AM-04:00 PM
Sun Closed

Bank of America - Hobbs Motor Bank
(505) 393-6248
401 East Bender Blvd
Hobbs, NM
Type
Banking Center
Services
Banking Center Services: Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday N/A
Tuesday N/A
Wednesday N/A
Thursday N/A
Friday N/A
Saturday N/A
Sunday N/A
Drive Up Hours
Monday 8-5
Tuesday 8-5
Wednesday 8-5
Thursday 8-5
Friday 8-6
Saturday 9-12
Sunday Closed

Advance Funding Inc
(575) 391-9942
815 N Turner St
Hobbs, NM

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Bank of America - Hobbs Main Branch
(800) 432-1000
325 East Bender
Hobbs, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Lovington Branch
(866) 245-3452
601 South Main Ave
Lovington, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
Bank of America - Hobbs Main
(575) 393-1511
325 E. Bender Blvd.
Hobbs, NM
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday 9-12
Sunday Closed

Wells Fargo - Lovington
(575) 396-5393
601 S Main Ave
Lovington, NM
Type
Branch
Office Hours
Mon-Thu 08:00 AM-05:00 PM
Fri 08:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Your Credit Inc
(575) 393-4415
113 E Broadway St
Hobbs, NM

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How to Obtain a Home Equity Line of Credit

Written by Matthew C. Keegan  //  2012/03/05  //  Financing , Home Financing  //  No comments

homeequity

A home equity line of credit (HELOC) is type of revolving credit. When choosing a HELOC, your home serves as collateral the moment funds are withdrawn from your credit line. If you have built up equity in your home and have good credit, a HELOC can be easy to obtain. But first, you will want to get organized and develop a plan to help you secure funding from your bank or other financial institution.

1. Talk with your accountant. You may think that a certain, low-rate HELOC is the best approach for you, but your accountant may not share that opinion. For some homeowners the tax advantages of a HELOC may not be beneficial while a home equity loan (HEL) or other financing arrangement may pay off in the long run. Consult with your financial adviser to come up with a borrowing strategy with the best tax implications.

2. Assess your needs. Your financial adviser will likely encourage you to borrow only what you need. This means developing a budget outlining how much money to access. Although a HELOC does not require you to tap all of your available funds, you may want to consider a line only large enough to cover the cost of renovations or other work you want to have done on your home.

3. Shop around for credit lines. Your financial institution and your mortgage broker are two sources to explore for your HELOC. You will also want to compare their rates with what other lenders have to offer which means expanding your search accordingly. Most lines of credit offer variable interest rates; compare those rates along with fees and closing costs to determine the best HELOC for you. Have potential lenders explain the terms of their contracts; negotiate for a lower rate or fees wherever possible.

4. Apply for a HELOC. Once you have found the HELOC you want, then apply for it. Your lender will obtain your credit information before...

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