This means restructuring your finances to allow you to access the equity in your home. Use this “cash out” option to purchase another property, buy a boat, pay for college tuition, pay off high interest credit cards or to increase your home’s value with improvements to your property.
If you have a new time frame for how long you will be in your home, find out how you can lower your monthly payments through our Interest Only 40 Year Amortization, or through a number of our other available products.
High interest credit cards only benefit credit card companies. By using the equity in your home, you can consolidate your high interest credit cards, lower your monthly payments and possibly take advantage of your mortgage interest payments for a better overall tax situation.
If you are self employed, a small business owner or have income not customary to what banks will consider, this may be an excellent option for you. We have programs designed specifically for your needs.
Home Equity Lines of Credit allow you to tap into your equity when you need it and as you need it. These lines of credit can be taken out on your primary residence, investment properties or second homes. We have lenders who understand your circumstances and offer competitive rates on HELOCs or Fixed Second mortgages.. Many can offer these loans with little or no closing costs.