Home Equity Lines
2nd Mortgage Home Equity Line up to 90% of home value
Get cash out for anything such as paying off debts, home remodel, or a new home down payment
Avoid mortgage insurance with a Combo 80% 1st Mortgage & 10% Home Equity Loan!
Primary Residence or 2nd Home
700 credit score
30 Year Term
10 Year Draw Period, then a 20 Year Repay Period
90% total loan to value credit lineup to $350,000
80% total loan to value credit line up to $500,000
Single family, Condo, Townhome, Duplex
Avoid Mortgage Insurance with a combo 1st and 2nd Home Equity Loan!
o Purchase Combo Loan: 10% Down payment with 10% Home Equity Line & 80% 1st mortgage loan
o Refinance Combo Loan: Eliminate existing mortgage insurance. Refinance your existing mortgage with a Combo 1st and 2nd Home Equity loan.
Create Non-Contingent Offers on a new home. Get down payment cash out with a home equity line on the existing home o Competitive Price Advantage on the Purchase of the New Home
o No added Stress/Pressure to Sell Existing Property
o Time to Stage and Show Existing Property Properly and Get Better Offers!
Non-Resident Aliens OK- Provide Immigrant VISA; copy of unexpired foreign passport and I-94 or I-797A form.