Home Equity

Home equity is a tangible value placed on the dollar amount between your home's appraised value and the principal amount owed on your mortgage. For example, if you owe $150,000 on your mortgage and your home is worth $200,000, then you would have earned $50,000 in home equity. For refinance purpose you would be at 75% Loan to Value. Home equity has become the American way, because there are so many ways to use it. You can borrower against you home equity. You can cash out your home equity, or you can do nothing and let the equity appreciate over time. Typically the more equity you have, the lower the interest rate you will qualify for when applying for a home equity loan.

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 2 nd mortgages and variable rate credit lines.

125% LTV fixed-rate Home Equity loans No equity needed with our 2nd mortgages that allow you to exceed the value of your home. Loan to 125% if you have decent credit scores. Home Equity Loans for people with bad credit Start re-building your credit today, even if you have a poor past credit history with bankruptcies and late payments. Loans were created, so you can pay off past due loans & bills with a low rate home equity loan. Debt consolidation home equity loans Stop the compounding payments that are going up each month. Refinance the interest of your credit cards, and consolidate your bills into a fixed rate loan that is tax deductible.

Home Equity line of credit Lines of credit offer the flexibility to only pay interest for the amount you access. Home equity lines have adjustable rates that do fluctuate. Get Prime HELOC's now with a lender in your region. Stated Income Home Equity Lines for self-employed No income Verification required! If you own your own business this 2 nd is for you! 100% Home Equity financing Close your purchase loan with no money down by adding a home equity loan to your purchase loan. This will help get rid of mortgage insurance, and you can put your hard earned down payment back in the bank.

More Home Equity Information

• Lending Requirements for Home Equity Loans and Lines This Year