Home Equity Loan Programs

• Stated Income Equity Loans
• 100% Home Equity Lines
• 125% Home Equity Loans
• Debt Consolidation

Home Equity Loan Rates and Home Equity Credit Lines for Cash, Home Improvements, and Consolidation
Home Equity Mart.com is your secure source for processing Low Rate Home Equity Loans, Refinance Rates, Home Equity Lines, 2nd Mortgages, Home Improvement Loans, and all your financial needs.

The mission at Home equity Mart.com is simple. “Our Goal is to provide elite home equity loan products for consumers looking for the best possible interest rate for home equity loans and 2nd mortgages.” As advertised, we offer Free Loan Quotes online and there is no hidden fees or agendas.

Home Equity Application Process
Fill out a simple loan Request form online. Shortly after completing the application, we will connect you to several leading home equity broker and mortgage lenders in your local region. All of these lenders have been pre-screened and all will be offering multiple solutions for fixed rate 2nd mortgages and variable rate credit lines.

Pre-Qualification

Pre-qualification occurs before the loan process actually begins, and is usually the first step after initial contact is made. The lender gathers information about the income and debts of the borrower and makes a financial determination about how much house the borrower may be able to afford. Different loan programs may lead to different values, depending on whether you are qualified for them, so be sure to get a pre-qualification for each type of program you are suited for.

Processing

Processing occurs between days 5 and 20 of the loan. The "processor" reviews the credit reports and verifies the borrower's debts and payment histories as the VODs and VOEs are returned. If there are unacceptable late payments, collections for judgment, etc., a written explanation is required from the borrower. The processor also reviews the appraisal and survey and checks for property issues that may require further discernment. The processor's job is to put together an entire package that may be underwritten by the lender.

Closing

Closing usually occurs between days 15 and 30 days of the loan (depending upon the designated length of your escrow). At the closing, the lender "funds" the loan with a cashier's check, draft or wire to the selling party in exchange for the title to the property. This is the point at which the borrower finishes the loan process and actually buys the house.