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Home Equity
Why consider Home Equity Loans:
- Save Money - Lower your monthly payments and eliminate
high interest rate credit cards with a debt consolidation home equity loan.
- Build Liquidity - Use the monthly savings from a debt
consolidation loan to contribute to a 401 (k) or other investment account.
- Smart - No changes required to the terms of your
current first mortgage loan.
- Convenient - Save time and energy paying bills by
combining multiple payments into one.
- Flexible - Choose from home equity Fixed Rates,
Variable Rates and Hybrids.
- Intelligent - Convert your non-tax deductible debt into
a tax deductible home equity mortgage. Consult your tax advisor for more
information.
- Variety - Use the proceeds of a home equity loan for
home improvements, education, medical bills, vacation or any worthwhile
purpose.
We're Different
We have your best interests in mind. Many home equity
lenders will try to steer you away from a second mortgage or home equity loan
because they are typically smaller and less profitable. We do what is right
for you regardless of the loan type or amount.
Home Equity Loan Information
- Home Equity is the difference between your home's
appraised value and the mortgage balance(s).
- Home Equity is built through either your home's
appreciation or the reduction of principal on the current first mortgage.
The terms second mortgage and home equity loan can be used
interchangeably regardless of being a fixed or variable rate or line of credit
or fixed term. A home equity loan is a second mortgage and vice versa as long as
either is secured by a lien on your home and is subordinate to an existing 1st
mortgage.
Combining competitive rates, low closing costs, honest
answers, and hassle-free service sets us apart from other home equity loan
companies in our industry. Call us today and see for yourself.
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