Interested in a HELOC or a Home Equity Loan?
Unlock the equity in your home with a second mortgage
Homeowners with good credit can get a home equity line of credit that will allow them to access the money they have in their own house as if it was an instant loan.
The best part is you don’t need perfect score because we take everything into consideration when approving loans, so even though there are some criteria like income limits and down payment amounts required for this type of second mortgage option; however all applicants still stand chances at receiving approval!
- Loan specialist will guide you through loan process
- Decades of combined experience
- Multiple loan programs to fit your financing needs
- Prime lending solution
HELOCs Versus Home Equity Loan
| Home Equity Line of Credit | Home Equity Loan | |
|---|---|---|
| In-full loan amount | ||
| Loans disbursed as needed | ||
| Mortgage points | ||
| Fixed interest rate | ||
| Variable interest rate | ||
| Set monthly payment | ||
| Varying monthly payment |
Who is a home equity line of credit for?
HELOCs are a bit different. They are a revolving source of funds, much like a credit card, that you can access as you choose. Home equity credit lines typically have two phases.
The credit lines have a draw period, often 10 years, during which you can access your available credit as you choose.
Typically, HELOC loans only require small, interest-only payments during the draw period, though you may have the option to pay extra and have it go toward the principal.
HOME EQUITY LINE OF CREDIT FINANCING
- Up to $4M Loan Amounts
- Up to 97% Max LTV
- Low Debt-To-Income Ratio
- No reserves required at 75% or less LTV
- 600 or greater credit scores 700+ preferred
- Qualifying amount of equity in your home
- Responsible Payment History
- First Time Home Buyers considered at lower LTV
Individualized Lending Solutions
When it comes to finding the right financing for a mortgage, choosing an individualized lending solution is key. We specialize in those seeking a loan for a home but don’t receive a traditional paycheck.
Whether you are a business owner, recently retired, or own an investment property, our range of lending options can help ensure that you have the funds you need to purchase or refinance the property.