HELOC
Home Equity Line Of Credit
Many leading financial institutions and private lenders offer a combined HELOC and mortgage product under their own brand name, sometimes referred to as a re-advanceable mortgage.
With a HELOC, you typically do not have fixed repayment amounts, and your lender usually only requires you to pay interest on the amount of money you use.
The credit limit for a HELOC combined with a mortgage is typically a maximum of 80% of your home’s market value for private lenders and a maximum of 65% for institutional lenders.
HELOCs generally come with attractive interest rates as they are secured against your home, making them viewed as low-risk financial products.
The flexibility offered by a HELOC, both in terms of borrowing and repaying, is a significant reason for their widespread popularity.
-
Rushed Approval
For individuals requiring a short closing time frame, I am able to offer swift and effortless approvals, as well as rushed closing options. -
No Credit Requirements
I have a comprehensive list of reputable lenders, including banks, credit unions, trust companies, and private lenders, which enables me to locate a mortgage product that is tailored to your precise requirements. -
Promotional Rates
As a result of the volume of mortgages I fund on a yearly basis, I am able to gain entry to exclusive promotional rates that are not made public through my network of lenders. -
Equity Based
Our guidelines are simple, if your property has equity in it, you will be approved.
