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Home Equity Loans

Never touch your 1st Mortgage.

Did you know that the equity in your home is like cash in the bank?  We have the loans that will allow you to tap into your untouched equity without EVER having to touch your first mortgage!  

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Home Equity Loans are fixed 2nd mortgages and can be for various terms, including 10, 15, 20, and 30 years. You will receive the full amount of your cash-out request at the close of escrow and repay it over the full term of the loan. These rates will never adjust, and your payment is fully amortized from the start. 

Home Equity Lines of Credit (HELOC) allow you to borrow against the available equity in your home, using the house as collateral, much like a credit card, without touching your first mortgage.  As you repay your outstanding balance, the amount of available credit is replenished for you to use in the future.  This means you can borrow against it as many times as you want, as long as you have the available credit to do so throughout the draw period, which is typically between 3 - 10 years.  At the end of the draw period, the repayment period (20  - 27 years) begins. These rates are variable and are tied to the prime rate, so as the prime adjusts, so will your rate.  

Feel free to reach out so we can explore your options

and free up your monthly budget!

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