Home Equity Line of Credit -HELOC Mortgage Loans are the solution for many people in need of cash.

Home values are up 47% since 2020
Most homeowners have hundreds of thousands of dollars of equity in their homes.
Avg. credit card rate: 24%+
Many people have debt.
Most homeowners with a mortgage have a rate between 2 & 3.5% & they don’t want to refinance their loan to get cash.

HELOCs?

Program Details HELOCs

Actual Line of Credit – Can pay it back & draw again from it for the first 5 Years.
Time from App to close: 5 to 10 days.
No appraisal (AVM).
600 Min Fico – personal bank account for income verification
680 min Fic if using business bank account for income
90 LTV Max – Primary Residence (Owner Occupied)
CLTV: 90% Primary / 70% LTV for Second Homes & NOO
Occupancy: Owner occ, 2nd home & non-owner properties.
All (1–4 units)
1st or 2nd position available.
Must draw 75% of the issue amount.
1st 5 YR’s I.O. Payment
25-year Amortization
30 Year payback period
No pre-payment penalty (PPP) – Pay the loan off at any time with no penalty.
U.W. Income guidelines – bank account verification of deposits.
No W2’s, pay stubs, or tax returns (May be needed).
Loan Amount: $25K – $750K – (750K Max Line Amount)
Perfect for debt consolidation now, refi later
Property can be currently listed for Sale
Loans under 500k Do not require an appraisal in most cases (AVM’s – Automated Value is used for confirming the value of the property).
Loans over 500k up to 750K require an appraisal.
Closing: Between 5 to 14 days