Sometimes you need quick access to cash but you already have an interest rate on your primary mortgage that you are happy with. When this situation arises, consider looking at a home equity loan because it accomplishes your goal of getting cash out and it also offers you a tax deduction, like your current 1st mortgage.
Ask your loan officer for a home equity loan quote and make sure that the monthly payment figures into your budget. We are a nationwide lender who can direct you to the best lenders in all 50 states. You can Pay off your credit card bills with a low interest rate 2nd mortgage and save thousands of dollars every year.
- Cash Out Home Equity Loans that allows you to borrow up to one hundred and twenty-five percent of the appraised value of your property.
- Home Equity Lines of Credit can offer you a revolving line and you may qualify for an amount of one hundred percent of your home's value.
- Loan amounts from $20,000 to $250,000
- Flexible payment terms