As a mortgage company, we offer 3 ways of tapping into your property’s equity. We offer both Income Check and No Income Check loans.
1. Home Equity Line of Credit (HELOC)
Our Home Equity Line of Credit is a flexible option that allows our clients to access their home’s equity as needed. This revolving line of credit provides the freedom to borrow and repay funds multiple times, similar to a credit card, but with typically lower interest rates. It’s an ideal choice for those who want to manage ongoing expenses or have access to funds for unexpected needs. With a HELOC, our clients can enjoy the flexibility of drawing funds when necessary, making it a versatile financial tool.
2. Closed-End Second Mortgages
For clients seeking a lump-sum payment with predictable monthly installments, our Closed-End Second Mortgages are an excellent option. This fixed-rate, second-lien loan provides a one-time disbursement, allowing homeowners to access the funds they need while maintaining a stable repayment schedule. It’s perfect for those who prefer the certainty of fixed payments and want to avoid the fluctuations of variable interest rates. This option is particularly beneficial for financing large projects or consolidating high-interest debt.
3. Cash-Out Mortgages
Our Cash-Out Mortgages are designed for clients who may not qualify for traditional loans, such as self-employed individuals or those with non-traditional income sources. This option allows homeowners to refinance their existing mortgage for more than they owe and take the difference in cash. It’s an effective way to leverage home equity for significant expenses or investments. By refinancing, property owners can potentially secure better loan terms while accessing the cash they need.
We recommend that you contact our offices and we’ll connect you with a loan specialist who can go over your options.
